State Bank of India Mutual Fund has declared a dividend of 20 per cent under the dividend option of Magnum COMMA Fund, an open-ended equity scheme.
The company said in a release that all investor registered under the dividend option of the scheme as on July 25, 2008 will receive this dividend.
The NAV under the dividend plan of the scheme as on July 21, 2008 was Rs 16.39. The record date has been fixed at July 25, 2008.
However 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.
Magnum COMMA Fund was launched in June 2005. The last dividend announced by the scheme was of 15% in November 2006.
The company said in a release that all investor registered under the dividend option of the scheme as on July 25, 2008 will receive this dividend.
The NAV under the dividend plan of the scheme as on July 21, 2008 was Rs 16.39. The record date has been fixed at July 25, 2008.
However 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.
Magnum COMMA Fund was launched in June 2005. The last dividend announced by the scheme was of 15% in November 2006.
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