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Wednesday, April 29, 2009

SBI MF declares dividend for 18 Months debt fund

Record date for dividend is 04 May 2009

SBI Mutual Fund has declared dividend under dividend option of retail and institutional option in SBI Debt Fund Series- 18 Months – 2. The record date for the dividend is 04 May 2009.

The fund has decided to distribute 100% distributable surplus available as on the record date as dividend on the face value of Rs 10 per unit. The NAV under retail option of the scheme was at Rs 10.7286 per unit and institutional option was at Rs 10.7454 per unit as on 22 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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