Friday, August 28, 2009

[Investors Please Listen] BSL Tax Relief '96 declares yet another dividend on 31 st Aug '09

There is a proposed dividend of  40% ie Rs. 4 per unit in Birla Sunlife Tax Relief '96 Fund on Monday, 31st Day of August '09.

The current NAV is around Rs. 78.41, the dividend yield works out to be 5.1% (approx).

BSL Tax Relief '96 -


BSL Tax Relief '96 has not only outperformed its benchmark by huge margins since inception but has also declared a since inception dividend of 2160%. Rs. 1 lakh invested at the time of inception ie 29th March '96 is worth Rs. 29.32 lakhs as on 31st July '09 whereas the same amount invested in the benchmark ie BSE 200 stands at Rs. 5.53 lakhs only.
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