SBI MF declares 35% dividend for Contra Fund

SBI Mutual Fund have declared dividend of 35% for Magnum Sector Funds Umbrella - Contra Fund under the Dividend Option plan.  

“Magnum Contra Fund is the flagship fund of SBI Mutual Fund. "We are happy to announce 35% dividend under this scheme and we hope to maintain this consistency.

The funds’ investments are guided primarily by the long term fundamentals without giving too much emphasis on liquidity and sentiments. Magnum Contra Fund offers the investor a possibility to invest in growth scrip’s of the future,”said Navneet Munot, CIO, SBI Mutual Fund.