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25% Dividend in Magnum MultiCap Fund

January 14th, 2008

SBI Mutual Fund announced a dividend of 25% Dividend in Magnum MultiCap Fund. Unit holders will get Rs. 2.5 per unit. The record date is fixed as January 18, 2008. The NAV of the fund is Rs. 20.2 as on January 14, 2008.

The Investment objective of the fund is: “To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments”. The scheme puts 50-90% in Large cap, 10 – 40% in Mid cap and 0 to 10% in Small cap.

This dividend is the second such since the launch of the scheme in September 2005. The earlier dividend is 20% announced in January 2007.

Entry Filed under: Mutual Funds, ICICI Prudential MF, Dividend Announcements