Birla Sun Life mutual fund has announced dividend under its scheme Birla Sun Life Tax Relief 96 Fund. The record date for dividend distribution is 31st March, 2011. The dividend declared under the scheme is Rs. 4 per unit on a face value of Rs. 10. The scheme aims to provide growth of capital along with Income Tax exemption benefits to investors. The fund is benchmarked against BSE 200 and is managed by Mr. Ajay Garg. The fund was launched on 29th March, 1996.