SBI Magnum Tax Gain Scheme declares 110% dividend

SBI Mutual Fund Trustee Company Private Limited, the Trustee to SBI Mutual Fund have approved dividend of Rs.11 in SBI Magnum Tax Gain Scheme 1993, an open-ended equity linked savings scheme. The face value per unit is Rs.10.

The fund has fixed March 2, 2007 as record date for identifying investors eligible for the dividend. Investors who apply for units before cut-off time on March 2, 2007 will be eligible for the dividend.

The NAV of the scheme as on February 23, 2007 was Rs.55.34.

Pursuant to payment of dividend, the NAV of the scheme / plan would fall to the extent of payout and statutory levy, if applicable. Dividend distribution is subject to the availability of distributable surplus and statutory levy (if any).

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

Source : Equity Bulls

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