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Rs 5 per unit Dividend for Magnum Global Fund

SBI Mutual Fund has approved the declaration of dividend under dividend option of Magnum Global Fund. The quantum of declaration will be Rs 5 per unit.

The record date is May 31, 2011.

Magnum Global Fund launched in September 1994 has been rated as a 3-star fund in Equity-Mid & Small Cap category as on April 30, 2011. The fund is ranked 17th out of 34 funds based on trailing 5-year performance as on May 25, 2011. This is the 10th dividend declared by the fund since its launch. Prior to this, it declared a Rs 5 per unit dividend in March 2010.