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SBI & Sun F&C declare dividend in MIPs


After Templeton and Alliance, SBI and Sun F&C Mutual Fund have announced dividends in their Monthly Income Plans (MIP).

SBI Mutual Fund's Magnum MIP has declared a second dividend of 0.61% (Rs 0.061 per unit) since its launch in March 2001. The record date for the same is May 25, 2001.

Sun F&C MIP has declared a dividend of 0.75%(Rs 0.075 per unit) with a record date of June 1, 2001. This is the second highest payout from the fund after its maiden payout of 0.9% (Rs 0.09 per unit) in July 2000. Launched in March 2000, Sun F&C MIP has returned an annualized 6.77 per cent.