Weekly Update on Mutual Fund as on August 09, 2008
Birla Sun Life Frontline Equity Fund declares 20% dividend
Birla Sun life Mutual Fund has declared 20% tax free dividend in its Frontline Equity Fund, Rs. 2.00 on share of Rs. 10 face value. The record date for the same has been fixed as August 08, 2008.
Investment objective of the scheme:
Birla Sun Life Frontline Equity Fund is an open-ended diversified equity fund, which invests in handpicked frontline stocks (i.e. stocks which have the potential of providing superior growth opportunities) such that it is representative of all leading sectors of its chosen benchmark. The scheme targets the same sectoral weights (+/- 5%) within its portfolio as the benchmark, the BSE 200. However, the choice of stocks is not limited to the benchmark, thus providing a wider universe of investible stocks.
Scheme Inception date: August 30, 2002
Source : Various, Posted By : Hitesh Harwani On : 2008-08-09
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