SBI Magnum Gilt Fund will pay a second quarterly dividend of 4%(Rs 0.40 per unit) in the dividend option of the long-term plan. The record date for the same is June 29, 2001. The fund paid its maiden dividend of 3%(Rs 0.30 per unit) in march 2001.
Launched as an open-end Gilt Fund in December 2000, Magnum Gilt has posted a return of 8.51% since launch. The dividend and the growth option of the fund are managed with separate portfolios.