Birla Sun Life Mutual Fund has approved Feb.11, 2010 as the record date for declaration of dividend under dividend option of Birla Sun Life Income Fund 54EA Plan (open ended income scheme). The fund house has decided to distribute 24% (Rs 2.40 per unit) as dividend on the record date.

Sundaram BNP Paribas Mutual Fund has launched a new fund named as Sundaram BNP Paribas FTP - S, a close ended income scheme. The maturity period of the scheme is 367 days from the date of allotment of units. The new issue is open for subscription from 9 February and close on 15 February 2010.