Birla Sun Life Dividend Yield Plus tops MF schemes last week
Monday, 05 April 2010, 19:04 IST
By SiliconIndia
By SiliconIndia
Bangalore: The open ended scheme, Birla Sun Life Dividend Yield Plus topped the mutual fund scheme last week with reporting a growth rate of 4.05 percent. As on April 1, 2010, the net asset value (NAV) of the scheme was Rs.73.4.
The investment objectives of the scheme are to provide capital growth and income by investing primarily in well diversified portfolio of dividend paying companies that have a relatively high dividend yield. According to mutualfundsindia.com, other mutual funds which followed Birla Sun Life Dividend Yield Plus are JM Financial Services Sector Fund, Escorts Growth Plan, Escorts High Yield Equity Plan and Birla Sun Life MNC Fund with growth rates of 3.96, 3.86, 3.42 and 3.39 percent, respectively.
As on February 26, 2010, the fund size of the Birla Sun Life Dividend Yield Plus was Rs. 348.94 crore. Ankit Sancheti is the Fund Manager of the scheme.
The investment objectives of the scheme are to provide capital growth and income by investing primarily in well diversified portfolio of dividend paying companies that have a relatively high dividend yield. According to mutualfundsindia.com, other mutual funds which followed Birla Sun Life Dividend Yield Plus are JM Financial Services Sector Fund, Escorts Growth Plan, Escorts High Yield Equity Plan and Birla Sun Life MNC Fund with growth rates of 3.96, 3.86, 3.42 and 3.39 percent, respectively.
As on February 26, 2010, the fund size of the Birla Sun Life Dividend Yield Plus was Rs. 348.94 crore. Ankit Sancheti is the Fund Manager of the scheme.
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