SBI MF declared a dividend of 40% (Rs 4 per unit on face value of Rs 10) in its open-ended Magnum Sector Fund Umbrella - SBI Magnum Contra Fund. The record date for the same is 16 May 2008.The NAV under for the scheme is Rs 31.95 as on 8 May 2008.
The investment objective of the scheme is to invest in undervalued scrips, which may be currently out of favour but are likely to show attractive growth in long term.
The last dividend announced by the scheme was of 40% on 11 May 2007.
The investment objective of the scheme is to invest in undervalued scrips, which may be currently out of favour but are likely to show attractive growth in long term.
The last dividend announced by the scheme was of 40% on 11 May 2007.
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