Wednesday, March 25, 2009

SBI Arbitrage Opportunities Fund Declares Dividend- March 25, 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Arbitrage Opportunities Fund. The record date for the dividend is 30 March 2009.

The quantum of dividend will be 7% i.e. Rs 0.70 per unit on the face value of Rs 10 per unit. The NAV under the scheme was at Rs 11.4931 per unit as on 23 March 2009.

SBI Arbitrage Opportunities Fund is an open ended scheme which aims to provide capital appreciation and regular income for unit holders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.

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