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SBI Mutual Declares Dividend in MMIP


SBI Mutual Fund has declared dividends under Monthly and Quarterly plans of MMIP. A dividend of 0.70 per cent (Rs.0.070 per unit) in its monthly plan and 2 per cent (Rs. 0.20 per unit) in Quarterly Plan. The record date for the plans was September 27, 2002.

Launched in March 2001, the Monthly Plan has paid an aggregate dividend of 11.45 per cent(excluding current payout) spread over 17 monthly payouts. The Quarterly Plan paid a total dividend of 10.80 per cent spread over 5 quarterly payouts.