SBI Mutual Fund has announced a dividend of 15 per cent (Rs. 1.50 per unit on face value of Rs. 10) under Magnum Taxgain Scheme. The record date for dividend declaration will be March 26, 2004. This is the sixth dividend payout from the fund. Earlier it had declared a dividend of 10 per cent in March 1995, 8 per cent in March 1996, 25 per cent in December 1999, and 15 per cent each in September and December 2003.
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