SBI Magnum Sector Umbrella Contra Fund Dividend Announcement
May 10th, 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
Entry Filed under: Mutual Funds, SBI Mutual Fund, Dividend Announcements, Contra Mutual Funds
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