Birla Sun Life Mutual Fund announced to declare dividend under institutional plan with dividend reinvestment option of both the Birla Sun Life Interval Income Fund-Quarterly Plan-Series II and - Birla Sun Life Interval Income Fund-Quarterly Plan-Series III.

The fund house fixed 30 June 2008 as the record date for the declaration of dividend under both the schemes.

The NAV of Birla Sun Life Interval Income Fund-Quarterly Plan-Series II was Rs 10.0940 and that of under Birla Sun Life Interval Income Fund-Quarterly Plan-Series III was Rs 10.0790 as on 24 June 2008. Both the schemes are is an open-ended interval income schemes.

The primary objective of the scheme is to generate regular income through investment in debt and money market instruments.