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Monday, April 13, 2009

SBI MF declares dividend for 13 Months debt fund

Record date for dividend is 17 April 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-13 Months- 7. The dividend will be declared for both retail and institutional plans. The record date for the dividend is 17 April 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 the scheme was at Rs 10.5108 per unit and Rs 10.5046 as on 08 April 2009.

SBI Debt Fund Series is a close-ended debt scheme 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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