SBI MF declares 70% div under SBI Magnum Tax Gain Scheme 93- Direct Plan

SBI Mutual Fund has announced 70 per cent dividend under dividend payout option of scheme named as “SBI Magnum Tax Gain Scheme 93- Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend is March 27. The latest NAV of the scheme is Rs 62.24.

The investment objective of the open ended equity scheme is to deliver the benefit of investment in a portfolio of equity shares and to distribute income periodically depending on distributable surplus.

The performance of the scheme was benchmarked against BSE 100 Index. Jayesh Shroff is the fund manager of the scheme.