SBI Mutual fund has announced changes under Magnum TaxGain Scheme. Accordingly, the provision of compulsory re-investment of dividend amount of less than Rs 250 under a folio has been withdrawn with immediate effect. Henceforth, unitholders who have opted for payout of dividend under the said scheme shall be paid the dividend, irrespective of the amount.
All other terms and conditions of the scheme remain unchanged.
Source: http://www.moneycontrol.com/news/mf-news/changessbi-magnum-taxgain-schemes_621314.html
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