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Thursday, August 27, 2009

Birla Sun Life AMC declares dividend in BSL Tax Relief'96

Birla Sun Life AMC today announced a dividend of 40 per cent under the dividend option of Birla Sun Life Tax Relief'96.

The company would pay a dividend of Rs 4 per unit on face value of Rs 10. It is an open-ended equity-linked savings scheme (ELSS) with the objective of long-term growth of capital through a portfolio with a target allocation of 80 per cent equity, 20 per cent debt and money-market securities, the company said in a statement.

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