SBI Mutual Fund house has announced September 07, 2018, as the record date for declaration of dividend under the dividend option of eight schemes of the AMC.
The quantum of dividend on the face value of 10 Rupees per unit will be 0.20 Rupees per unit for each plan of the eight schemes.
The eight mutual fund schemes for which dividend declaration has been announced include SBI Credit Risk Fund (Quarterly) – Regular Plan and Direct Plan, SBI Dynamic Bond Fund (Quarterly) – Regular Plan and Direct Plan, SBI Debt Hybrid Fund (Quarterly) – Regular Plan and Direct Plan, SBI Equity Savings Fund (Quarterly) – Regular Plan and Direct Plan, SBI Magnum Gilt Fund (Quarterly) – Regular Plan, Direct Plan, PF – Regular, PF-1 Year, PF-2 Years and PF-3 Years, SBI Multi Asset Allocation Fund (Quarterly) – Regular Plan and Direct Plan, SBI Magnum Medium Duration Fund (Quarterly) – Regular Plan and Direct Plan, SBI Magnum Income Fund (Quarterly) – Regular Plan and Direct Plan.
The SBI Mutual Fund house has recently revised the minimum number of installments for SIPs and transfer plans under SBI Mutual Funds Magnum Taxgain scheme to be six. The AMC announced the news in an addendum.
According to the addendum, the minimum investment for systematic investment and lump-sum under the Taxgain scheme will be 500 Rupees and in multiples of 500 Rupees thereafter, with a lock-in period of about three years, reported Money Control. Mr. Dinesh Balachandran has been the fund manager of the Magnum Taxgain scheme from September 2016.
The fund house announced the dividend declaration for the eight schemes on September 03, 2018, according to KJMC.
SBI Mutual Fund house has recently launched SBI Debt Fund Series C – 24, a close-ended debt fund. The NFO will be open for subscription from September 06, 2018 to September 10, 2018, based on another report from KJMC. Ranjana Gupta is the fund manager of the SBI Debt Fund Series C – 24 scheme.
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