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Wednesday, March 25, 2009

SBI MF declares dividend

Record date for dividend is 30 March 2009

SBI Mutual Fund has proposed to declare dividend under dividend option of Magnum Income Fund Floating Rate-Long Term Plan-Regular and Magnum Income Fund. The record date for the dividend is 30 March 2009.

Magnum Income Fund Floating Rate-Long Term Plan-Regular will offer dividend of 1.706% (Rs 0.1706 per unit) for individual & HUF Investors, and for other investors on the face value of Rs 10 per unit. The NAV for the scheme was at Rs 10.8985 per unit as on 23 March 2009.

Magnum Income Fund will declare dividend of 2.470% (Rs 0.2470 per unit) for individual & HUF Investors, and for other investors on the face value of Rs 10 per unit. The NAV for the scheme was at Rs 10.4087 per unit as on 23 March 2009.

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