SBI Mutual Fund declares 0.12% dividend 12/05/2015

SBI Mutual Fund declares 0.12% dividend
12/05/2015 09:48
SBI Mutual Fund has announced 0.12 per cent dividend under dividend payout option of scheme named as “SBI Magnum Insta Cash Fund - Regular Plan - Weekly Dividend” on the face value of Rs 1000 per unit. The record date for the dividend is May 08. The latest NAV of the scheme is Rs 1078.07. The investment objective of the open ended liquid fund scheme is to provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rajeev Radhakrishnan is the fund manager of the scheme.