SBI MF announce 40 % dividend for MSFU Contra Fund

The Trustees of SBI Mutual Fund have approved dividend of 40 % in Magnum Sector Funds Umbrella (MSFU) - Contra Fund under Dividend Option. The Record date is Friday, May 16th, 2008.

Pursuant to payment of dividend, the NAV of the scheme/option would fall to the extent of payout and statutory levy, if applicable. Dividend Distribution is subject to availability of distributable surplus and statutory levy (if any). All Magnum / Unit Holders of the scheme, whose names appear in records of Registrar of SBI Mutual Fund on the aforesaid record date, will be entitled to receive dividend.

Magnum Sector Funds Umbrella - Contra fund, India’s first contrarian fund, is the flagship fund from SBI Mutual Fund. It is an open ended equity fund that thinks differently, goes against the grain of market thought and takes the road less travelled. It endeavors to proactively identify new investment themes thereby capitalizing its contrarian approach.

Sourced From: Sampark Public Relations Pvt Ltd