SBI Mutual Fund is in the news Again
Just before a week SBI mutual fund declared dividend for its tax saving evergreen scheme “SBI Magnum Tax Gain Scheme”, again it has declared dividend for its another 2 schemes. The other two schemes are “SBI Magnum Balanced Fund” and “SBI Magnum Sector Funds Umbrella – Emerging Business Fund”.
SBI Magnum Balanced Fund:
Quantum of Dividend: Rs 2.2 per unit
Record Date for Dividend: 28-March-2011
Investment Objective:
The main investment objective is to generate capital appreciation from a balanced portfolio of equity and debt securities and instruments.
SBI Magnum Sector Funds Umbrella – Emerging Business Fund:
Quantum of Dividend: Rs 2.5 per unit
Record Date for Dividend: 28-March-2011
Investment Objective:
The main objective is to invest in companies that are emerging and have a good growth potential. They have either export orientation or outsourcing opportunities business and are globally competitive.
Happy Investing!!
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“In Mutual Funds, the past performance is not guaranteed in future”.
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