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.