SBI Mutual Fund has announced a dividend of 35% (Rs. 3.50 per unit on Face Value of Rs.10), under the dividend option of SBI Magnum Equity Fund. The record date for the dividend as been fixed as January 28, 2011.
All investors registered under the dividend option of SBI Magnum Equity Fund as on January 28, 2011 will receive this dividend. The NAV of the scheme under the dividend option as on January 21, 2011 was Rs 32.540.
SBI Magnum Equity Fund is an open-ended growth scheme. The investment objective of the scheme is to provide the investor long term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market Instruments.
Source: http://www.moneycontrol.com/news/mf-news/sbi-magnum-equity-fund-declares-dividend-_515728.html
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