SBI Magnum Sector Funds Umbrella - Contra Fund declares 40% dividend

SBI Mutual Fund Trustee Company Private Limited, the Trustee to SBI Mutual Fund have approved 40% dividend in the Dividend option of Magnum Sector Funds Umbrella - Contra Fund, an open-ended equity scheme.

The record date for the dividend is May 11, 2007 and any purchases on or before this date will be eligible for the dividend. Pursuant to the payment of dividend, the NAV of the scheme / option would fall to the extent of payout and statutory levy, if applicable. Dividend distribution is subject to the availability of distributable surplus and statutory levy (if any). All Magnum / Unit Holders of the scheme, whose names appear in the records of the Registrar of SBI Mutual Fund on the aforesaid record date, will be entitled to receive the dividend.

Disclaimer: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. Please read the Offer Document carefully before investing.

Source : Equity Bulls

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