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Magnum IT Announces 40% Dividend

SBI Mutual Fund has announced a dividend of 40% (Rs 4 per unit on the face value of Rs 10) under Magnum IT. The record date of dividend is July 4, 2007.

The fund is declaring a dividend after a gap of more than 7 years. In March 2000, the fund had declared a 40% dividend and a bonus of 1:2.