SBI Magnum Equity Fund declares dividend
SBI Magnum Equity Fund has announced a dividend, for which the record date is on January 28, 2011.
January 24, 2011 / 19:17 IST
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. (Check out - Recent MF Dividends)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.For more Mutual Fund News click here Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
