SBI Magnum Taxgain declares Rs 11 dividend

SBI Mutual Fund Trustee Company Private Limited, Trustees to SBI Mutual Fund have approved dividend in Magnum Taxgain Scheme 1993, an open-ended equity linked savings scheme.

The quantum of dividend per unit is Rs 11 on the face value per unit of Rs 10 and the record date of dividend is February 15, 2008.

The Net Asset Value of the scheme is Rs 57.84 as on 8-February-2008.

Pursuant to payment of dividend, the NAV of the scheme/option would fall to the extent of the payout and statutory levy, if applicable.

Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments.

Mutual Fund investments are subject to market risks. Please read the offer documents carefully before investing.

Source : Equity Bulls

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