SBI Magnum Global Fund Reports Dividend

Submitted by Varun Jain on Mon, 03/08/2010 - 22:59

SBI Magnum Global Fund Reports DividendSBI Mutual Fund has reported a dividend of 50% (i. e. Rs. 5 per unit on the face value of Rs. 10) in SBI Magnum Global Fund. The record date for dividend is posted as March 12, 2010.

Assets of mutual funds registered a rise of 1.08 percent to 7.7 trillion rupees in February with equity funds' net monthly collections at the strongest since July, data from the Association of Mutual Funds in India depicted.

All investors registered under the dividend option of the scheme as on March 12, 2010, will receive this dividend.

The NAV included in the dividend plan of the scheme as on March 5, 2010 was Rs 32.53.

SBI Magnum Global Fund is an open ended equity diversified scheme, aimed to grant maximum growth opportunity to the investors via well researched investments in India equities, PCD's and FCD's from selected industries with high growth potential and bonds.

Equity funds received a net 18.49 billion rupees last month. They had collected 12.5 billion rupees in January, recording their first net inflows after five months.


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