SBI Magnum Multiplier Plus Scheme 93 announces 70% dividend

SBI Mutual Fund has announced an attractive dividend of 70% (Rs.7/- per unit) in SBI Magnum Multiplier Plus Scheme 93 (Dividend Option).

The Record Date has been fixed as October 1, 2010.

The Multi Cap fund with Large Cap domination has a history of more than 17 years. The Total Assets Under Management is around Rs.1224 Crores.(as on 31/08/10)

The NAV of the scheme is Rs.63.77/- ( Dividend Option ) as on 24/09/10 giving an yield of around 11%. The fund has given 1 year return of around 33%, 3 years return of around 8% and 5 years return of around 24% & return since inception around 15% (as on 24/09/10).

The fund has 3 Star Rating by Value Research.

Pursuant to the payment of dividend, the NAV of the scheme will fall to the extent of payment.

Mutual Fund Investments are subject to market risks. Please read scheme information document carefully before investing.

Source : Equity Bulls

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