Invest Mutual Funds

SBI Magnum global fund is another Open Ended Equity Scheme from SBI Mutual Fund. Recently it has declared a dividend of Rs 5 per unit on the face value of Rs 10 per unit. The record date for the dividend is 31-May-2011.

Investment Objective:

The main investment objective of the scheme is to provide maximum growth opportunity for the investors by investing in investments after doing sufficient research. The investments include equities in Indian markets and in Bonds with high growth potential.

The various options available for investing in this scheme are Growth and Dividend option. In dividend option there are two plans available for investing i.e. dividend reinvestment and dividend payout.

There is no entry load for investing in this scheme. If the scheme is redeemed within 1 year from the date of investment an exit load of 1% would be charged. If the amount is redeemed after 1 year from the date of investment, then there is no exit load.

Happy Investing!!