SBI MF Declares Dividend

The SBI mutual fund has annouced the declaration of dividend under Magmum Multicap Fund. The record date for the declaration of dividend under Magnum Multicap Fund is 18 January 2008. The quantum of dividend is 25% i.e. Rs. 2.50 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 19.85 as on 10 January 2008Magnum Multicap Fund is open ended growth fund with an objective to provide investors with opportunities for long term growth in capital along with the liquidity of open end scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum end in debt and money market instruments.