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Thursday, January 08, 2009

SBI MF declares dividend for 13 Months debt fund

Record date for dividend is 13 January 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-13 Months -6. The dividend will be declared for both retail and institutional plans of the fund. The record date for the dividend is 13 January 2009.

The quantum of dividend will be 100% of the distributable surplus of the scheme as on the record date on the face value of Rs 10 per unit. The NAV under retail and institutional plan of the scheme was at Rs 10.4381 and Rs 10.4276 per unit, respectively, as on 31 December 2008.

SBI Debt Fund Series-13 Months -6, a close-ended debt scheme was launched in December 2007 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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