Birla Mutual Fund has declared dividend under two of its schemes, Birla Sun Life Midcap Fund and Birla Sun Life India Frontline Equity Fund. The quantum of dividend decided for distribution under Birla Sun Life Mid Cap Fund & Birla Sun Life India Frontline Equity Fund are 25 per cent that is Rs 2.50 per unit and 20 per cent that is Rs.2 per unit respectively. The record date decided for distribution of dividend is 29th January, 2010.

Tough times call for tougher measures. Gone are the days when fund houses threw lavish distributor parties, extensive advertisements and countrywide roadshows to sell new fund offerings (NFOs). Post-entry load ban, fund marketers have been striving hard to keep expenses under control, cutting down on paraphernalia's which were earlier considered basic necessities for fund-selling.