SBI Mutual Fund has introduced a Bonus plan in its Magnum Income Fund under the Growth option. This will be in addition to the Dividend and Growth plan but will maintain a same portfolio.
The fund has also announced a bonus in the ratio of 1:2 (2 unit for every 1 units held). The record date for the same is January 20, 2003. The fund will open for ongoing sale and purchase from January 27, 2003.
The bonus plan was first introduced by JM Mutual Fund under its income scheme in March 2002. Today bonus plans have become popular as they provide tax efficient way to reward investors
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
