SBI Mutual Fund filed an offer document to launch Magnum Sector Funds Umbrella -Banking and Financial Services Fund. The investment objective of the scheme is to provide investors with opportunities for long term growth in capital through an active management of investments in a diversified basket of equity and equity related instruments of banking and financial services companies in equity and equity related instruments including derivatives of banking and financial services companies and in debt and money market instruments. The scheme offers two plans: Retail Plan and Institutional Plan. Both plans have growth and dividend options. Under the dividend option, facility for reinvestment and payout of dividend is available.
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