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Magnum Income Declares Half-yearly Dividend

Magnum Income Fund has declared a half-yearly dividend of 7 per cent (Rs 0.70 per unit). The record date for the same is March 07, 2002. There will be a book closure from March 08 to March 13, 2002. The current payout is higher than the previous dividend of 5.5 per cent declared in September 2001. Launched in November 1998, the fund has posted a total return of 13.07 per cent, as on March 05, 2002.