SBI announces 20% dividend under Magnum Fund

The record date has been fixed at July 25, 2008, a release issued here said.     

After the payment of dividend, the net asset value(NAV) of the scheme/option would fall to the extent of payout and statutory levy, if applicable.     

Dividend distribution is subject to availability of distributable surplus and statutory levy (if any).     

All Magnum/ Unit holders of the scheme, whose names appear in record of Registrar of SBI Mutual Fund on the aforesaid record date, will be entitled to receive dividend, the release said.