 SBI Magnum Balanced Fund declares dividendPublished on Mon, Nov 23, 2009 at 14:37 | Source : Moneycontrol.com Updated at Mon, Nov 23, 2009 at 14:49 Like this story, share it with millions of investors on M3
SBI Mutual Fund has declared a dividend of 50% (Rs 5 per unit on face value of Rs 10) under the dividend option of SBI Magnum Balanced Fund. The record date for dividend is November 27, 2009.( Check out - Recent MF Dividends ) All investors registered under the dividend option of the scheme as on November 27, 2009 will receive this dividend. The NAV of the scheme under the dividend option as on November 20, 2009 was Rs 29.72. SBI Magnum Balanced Fund is an open ended balanced scheme. The objective of the scheme is to provide long term capital appreciation along with the liquidity of an open ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively sage portfolio of debt. For more Mutual Fund News click here
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