The SBI mutual fund has announced the declaration of dividend under dividend option of Magnum Taxgain Scheme 1993. The record date for dividend will be 15 February 2008. The quantum of dividend is 110% i.e. Rs. 11.00 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 58.76 as on 7 February 2008.
Magnum Taxgain Scheme 1993 is open ended equity linked savings scheme, with an objective to deliver the benefits of investment 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.
No comments:
Post a Comment