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Wednesday, Mar 17, 2004

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25 pc dividend on Birla Advantage Plan

Our Bureau

Mumbai , March 16

BIRLA Mutual Fund has declared a dividend of 25 per cent in the Birla Advantage Plan, according to a company press release.

The record date for the dividend is March 12, and the dividend would be tax free in the hands of the investors, stated the release.

Birla Advantage Fund currently has 70,000 investors and Rs 490 crore of assets under management, according to the press release.

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