SBI MF has done it once again. The announcement of a dividend of 40% on a face value of Rs. 10 or Rs. 4 per unit. May 16, 2008 will be taken as the record date for distribution of the dividends. The earlier dividend announcements are made in May 2007 and April 2006, both of which are of 40%
Add commentMay 14th, 2008
Magnum Taxgain from SBI Mutual Fund has announced a dividend of 110%. February 15, 2008 will be taken as the record date.
SBI Magnum Taxgain is one of the most popular Tax Savings (ELSS) Mutual Fund. The scheme was launched in March 1993 and has net assets worth Rs. 3,549.90 (as of January 31, 2008). Gopal Agrawal is currently the fund manager of the scheme.
The scheme has Financial Services, Energy, Metals & Metal Products and Basic/Engineering amongst its top sectoral holdings. In regard to stock specifics, the scheme has Reliance Industries, Jai Prakash Associates, Welspun-Gujarat Stahl Rohren, Larsen & Toubro and Reliance Communications as its Top 5 stocks.
Earlier, the scheme has announced as many as 10 dividends:
31-MAR-95: 1.000000 per unit
31-MAR-96: 0.800000 per unit
15-DEC-99: 2.500000 per unit
26-SEP-03: 1.500000 per unit
31-DEC-03: 1.500000 per unit
26-MAR-04: 1.500000 per unit
29-OCT-04: 2.700000 per unit
10-JUN-05: 10.200000 per unit
10-MAR-06: 15.000000 per unit
02-MAR-07: 11.000000 per unit
Add commentFebruary 12th, 2008
SBI Mutual Fund’s technology fund – the SBI Magnum Sector Umbrella IT Fund has announced a dividend of 50% (i.e Rs. 5 on the face value of Rs. 10/- per unit) for the Dividend option of the fund. July 4, 2007 will be take as the record date for the dividend.
The scheme is an open ended growth scheme. The objective of the scheme is to seek and provide maximum growth opportunities through investments in IT stocks. Popular as Magnum IT, the scheme is managed by Jayesh Shroff since October 2006.
The scheme is one of the hottest schemes in IT sectorial-oriented mutual funds and competes head-on with DSPML Technology.com, ICICI Prudential Technology, UTI Software, Kotak Tech amongst others.
Add commentJuly 3rd, 2007
Investors in SBI Magnum Sector Umbrella Contra Fund - Dividend option will get a dividend of Rs. 4 per unit on the face value of Rs 10 per unit. The record date will be taken as May 11, 2007.
The investment objective of the fund is ‘To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes viz. Information Technology,Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favour) and Emerging Businesses. ‘
The NAV of the Dividend Plan is 29.18 and for the Growth plan is 38.73
Add commentMay 10th, 2007
SBI Mutual Fund announces a dividend of Rs 2 per unit (on the face value of Rs 10 per unit) in its Magnum Multicap Fund - Dividend option and has set Jan 29 as the record date.
The Multicap Fund was launched on August 22, 2005. The fund primary invests making an asset allocation of 50-90% on Large Cap, 10-40% on Mid Cap and 0-10% on Small Cap. The NAV of the Growth plan of the fund is Rs. 16.23 as on 25 Jan 2007
Add commentJanuary 28th, 2007
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Apr | ||||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |