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Monday, May 25, 2009

Magnum Taxgain Scheme 1993 declares dividend

Record date for dividend is 29 May 2009

SBI MF declared a dividend of Rs 2.80 per unit on face value of Rs 10 per unit in its open-ended equity linked savings scheme Magnum Taxgain Scheme 1993. The record date for the same is 29 May 2009. The NAV under for the scheme is Rs 35.51 as on 21 May 2009.

The objective of the scheme is to deliver the benefits of investing in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under section 80 C of the Income Tax Act, 1961 b.

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