SBI Mutual Fund has announced the introduction of 'Dividend Transfer Plan' in all open ended schemes with immediate effect.
The dividend declared under an open ended scheme (source scheme) will automatically get invested in another open ended scheme (target scheme) except liquid schemes.
However, this option is not available for Daily, Weekly and Fortnightly dividend options of source and target schemes.
The minimum amount of dividend eligible for transfer is Rs.1,000.
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