What was the merger ratio of SBI One India with SBI Magnum Equity Fund in August 2012.
— Rajesh Nair
The merger ratio between two mutual fund schemes is always the ratio of their net asset values (NAV). On the effective date of merger of these two schemes (August 10, 2012), the NAV of SBI One India was Rs 10.43 and that of SBI Magnum Equity Rs 42.97. So, investors of SBI One India would have got units in the ratio of 42.97:10.43.
This article was originally published on May 01, 2013.
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