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Declaration of Dividend in Birla Sun Life Tax Relief '96
Birla Sun Life AMC Ltd proposes to declare dividend in Birla Sun Life Tax Relief '96 on 31 March 2011.
The details of the Dividends are:
Scheme Name - Birla Sun Life Tax Relief '96
Dividend Amt - Rs. 4/- per unit.
Notice dated: March 25, 2011 - Record date for dividend in Birla Sun Life Tax Relief '96
Implementation of AMFI Guidelines - Effective April 1 2011
NISM Recommendations on “Operational Risk Issues in Mutual Fund Investor Service Processes”
As communicated vide the referred Guidelines, AMFI had constituted a working group for implementation of NISM Recommendations on "Operational Risk Issues in Mutual Fund Investor Service Processes".The working group has specified a uniform set of guidelines which broadly covers the following areas:
A. Where Accounts are opened "On Behalf of Minor"
B. When "Minor attains Majority"
C. Change of Guardian
D. Nomination facility
E. Transmission
On each of the above area, AMFI vide the said Guidelines has specified the process/procedure to be uniformly followed (effective April 1, 2011) by the AMCs, including the requirements to be sought from the investors and the formats where required.
Request to kindly take note of the contents of the said AMFI Guidelines (copy of which is enclosed herewith)
New Bank Mandate Details with Attestation from Bank Branch Manager
for due compliances and also for suitably apprising the customers of the requirements specified therein; and as may be applicable to them.
Kindly also note that pursuant to the said Guidelines we are in the process of carrying out necessary amendments to the investor related documents. Also an appropriate Notice Advertisement shall also be issued in due course. You shall be duly apprised of the same.
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