SBI Mutual Fund has declared dividend under the dividend option of Magnum Sector Funds Umbrella (MSFU)-Contra Fund. The record date for the dividend distribution is set as July 17, 2009. The fund house has decided to distribute 50% dividend (Rs 5 per unit) as on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 24.32 per unit as on July 9, 2009.
Magnum Sector Funds Umbrella is an open ended equity scheme with an investment objective to provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors.
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