SBI Magnum Sector Umbrella IT Fund Declares 40% Dividend

SBI Mutual Fund has declared dividend of 40% (Rs 4.00 per unit) on the face value of Rs 10 each in SBI Magnum Sector Umbrella IT Fund. The fund house has set 4 July, 2007 as the record date for dividend distribution. The scheme aims to provide the investors maximum growth opportunity through equity investment in stocks of IT sector.