SBI Mutual Fund has announced 30 July 2009 as the record date for declaration of dividend under the dividend option of Magnum Sector Funds Umbrella – Emerging Business Fund. The fund house has decided to distribute 25% dividend (Rs 2.50 per unit) as on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 13.74 per unit as on 23 July 2009.
The Magnum Sector Funds Umbrella-Emerging Business Fund was launched in August 2004. The objective of the scheme is to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies.
The fund may also evaluate emerging business with growth potential and domestic focus.
The Magnum Sector Funds Umbrella-Emerging Business Fund was launched in August 2004. The objective of the scheme is to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies.
The fund may also evaluate emerging business with growth potential and domestic focus.
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