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SBI Mutual Fund Reduces Dividend in Magnum LIF


Due to adverse market conditions, SBI Mutual Fund has reduced the dividend in Magnum Liquibond Income Fund from the earlier proposed 7.5% (75 paise) per unit to 6.25% (62.5 paise). According to the mutual fund, the record date has also been revised. The record date for the dividend is now scheduled for September 24 2001, while the book closure will be from September 25 to September 28, 2001. The scheme will reopen for sale/repurchase from October 1, 2001.