SBI Mutual Fund's Magnum Monthly Income Plan (MMIP) has declared a dividend of 0.62% (Rs. 0.062 per unit) in the monthly dividend option. The record date for the same is July 25,2001. The dividend is the fourth consecutive monthly dividend.
Launched in March 2001, the fund has posted a simple return of 4.22 per cent as on July 25, 2001.