SBI has declared 28% dividend in its oldest tax-saving scheme ‘Magnum Tax Gain-93′. Investors will get Rs. 2.80 per unit since its face value is Rs. 10. The record date has been set to 29th May.

As on 23rd May, 09, the scheme has generated 17.89% absolute return in 1 week and 50. 65% ablsolute return in 6 months.

The scheme is performing well, so, the dividend announcement will attract more buyers.

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2 Responses to “SBI Magnum Tax Gain-93 fund declares 28% dividend”

1. Shiv says:

   June 2, 2009 at 4:13 AM

   Is it advisable to invest now?
2. admin says:

   June 2, 2009 at 4:19 AM

   In my opinion, Yes! It has always been a top performing fund!