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Friday, December 26, 2008

SBI MF declares dividend for 24 Months plan

Record date for dividend is 31 December 2008

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-24 Months -1. The record date for the dividend is 31 December 2008.

The quantum of dividend will be 1.702% (Rs 0.1702 per unit) for individual and HUF Investors for the face value of Rs 10 per unit. The NAV of the scheme recorded at Rs 10.5324 as on 17 December 2008.

SBI Debt Fund Series – 24 Months -1, a close-ended debt scheme, launched in November 2008 with an objective to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments.

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