Thursday, 23 February 2017

SBI Mutual Fund announces 87% div under Magnum Multiplier Fund

SBI Mutual Fund has announced 87 per cent dividend under dividend payout option of scheme named as “SBI Magnum Multiplier Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is February 23. The latest NAV of the scheme is Rs 114.66. The investment objective of the open-ended scheme is to provide investors long term capital appreciation along with the liquidity of an open-ended scheme. The scheme will invest in a diversified portfolio of equities of high growth companies. The performance of the scheme is benchmarked against S&P BSE 200. Saurabh Pant is the fund manager of the scheme.

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