Mumbai: SBI Mutual Fund has declared dividend under its SBI Magnum Equity Fund. The record date for distribution of dividend is January 28, 2011.
The quantum of dividend decided for distribution is Rs 3.50 per unit on the face value of Rs 10.
SBI Magnum Equity Fund an open ended equity scheme with, investment objective is to provide the investor long term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market Instruments.
