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Magnum Gilt declares second quarterly dividend

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.