Thursday, April 24, 2008

SBI MF Revises Asset Allocation Structure Of Magnum Midcap

SBI Mutual Fund has revised the asset allocation of SBI Magnum Midcap Fund. As per the revision, the fund house has increased the investment limit in the stocks other than the midcaps companies from the present 10% to 20%. Further the fund house has announced that the investors who do not agree with the change in the scheme can redeem their units without any exit load from 1 May 2008 to 30 May 2008. All the other features and conditions of the scheme remains unchanged.

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