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Birla Sun Life Mutual Fund Announce Dividends

Mutual Fund

by Birla Sun Life Mutual Fund | Mutual Fund | 2 Downloaded

NOTICE IS HEREBY GIVEN THAT the Trustees of Birla Sun Life Mutual Fund have approved Monday, December 26, 2016*, as the Record Date for declaration of dividend subject to availability of distributable surplus on the Record Date, in the following Schemes as under:


Birla Sun Life Mutual Fund Announces Dividends


The NAV of the schemes, pursuant to pay out of dividend would fall to the extent of the payout and statutory levy (if applicable).

# As reduced by the amount of applicable statutory levy (if any).

All unitholders whose names appear in the Register of Unitholders under the abovementioned plans/options of the aforesaid schemes as at the close of business hours on the Record Date* shall be eligible to receive the dividend so declared.

Following provisions are applicable for subscription/redemption under Birla Sun Life Quarterly Interval Fund - Series 4:

Specified Transaction Period (STP) for Birla Sun Life Quarterly Interval Fund - Series 4 (the Scheme) is on December 26, 2016 and December 27, 2016 ^. As the dividend record dates* coincide with the STP i.e. December 26, 2016 and December 27, 2016, the following shall be applicable for applications received during the STP:

^Applications for Subscription/Switch-in/Redemption/Switch-out shall be accepted till 3.00 pm on December 27, 2016.

For Subscriptions/Purchases including Switch-in under Dividend option:

  • In respect of valid applications received till 3.00 p.m. on the first day of STP i.e. aforesaid Record date* of December 26, 2016, the ex-dividend NAV*** of the day of receipt of application will be applicable for processing such subscription/switch-in requests and such investors shall not be eligible for dividend declared on the first record date* i.e. December 26, 2016, if any.

  • In respect of valid applications received after 3.00 p.m. on the first day of STP i.e. aforesaid Record date* of December 26, 2016, but before 3.00 p.m. on the second day of STP i.e. December 27, 2016, the closing NAV*** of the said second day of STP i.e. December 27, 2016 will be applicable for processing such subscription/switch-in requests and such investors shall not be eligible for dividend declared, if any.

*** In respect of applications for an amount equal to or more than 2 lakh, the applicable NAV shall be subject to the provisions of SEBI Circular Cir / IMD / DF / 19 / 2010 dated November 26, 2010 read with SEBI Circular Cir / IMD / DF / 21 / 2012 dated December 13, 2012 on uniform cut-off timings for applicability of NAV.

For Redemptions/Sales including Switch-out under Dividend option:

  • In respect of valid applications received till 3.00 p.m. on the first day of the STP i.e. aforesaid Record date* of December 26, 2016, the ex-dividend NAV of the day of receipt of application will be applicable for processing such redemption/switch-out requests and the investors will be eligible to receive the dividend declared on this record date* (December 26, 2016), if any.

  • In respect of valid applications received after 3.00 p.m. on the first day of STP i.e. December 26, 2016 but before 3.00 p.m. on the second day of STP i.e. December 27, 2016, the closing NAV of the said second day of STP will be applicable for processing such redemption/switch-out requests and the investors will be eligible to receive the dividend declared on both the record dates* (December 26, 2016 & December 27, 2016), if any.

* or the immediately following Business Day if that day is a non-business day.

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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