Posts filed under 'SBI Mutual Fund'
SBI Mutual Fund has made some changes in its fund management team. Effective June 27, 2011, R Srinivasan will be Head, Equities, Rajeev Radhakrishnan is Head, Fixed Income and Nidhi Chawla is dedicated fund manager for investing in foreign securities.
The updated list of fund managers will be as follows:
Magnum Contra - R Srinivasan
SBI Infrastructure - Series I - Ajit Dange
Magnum FMCG - Saurabh Pant
Magnum Pharma - Tanmaya Desai
Magnum IT - Anup Upadhyay
Magnum MIP - Ruchit Mehta
Magnum Income Plus - Investment - Ruchit Mehta
Magnum MIP - Floater - Ruchit Mehta & Dinesh Ahuja (Debt Portion)
June 29th, 2011
The draft offer documents of the following mutual fund schemes are posted on SEBI website for public view and commenting:
ABN AMRO Sector Select Fund
DSP ML FMP 1M Series 6-11
ICICI Prudential FMP - Series 49
IDFC FMP Monthly Series 9-14
Principal Pnb FMP - 1105 Days - Series I
SBI Capital Protection Oriented Fund Series III
September 12th, 2008
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%
May 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
February 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.
July 3rd, 2007
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