SBI asset management company has set 22/10/2009 as record date for dividend in one of its best schemes - Magnum Multiplier Plus. The Quantum of dividend is 70% , i.e. Rs. 7.00 per unit of the scheme.

The NAV of the scheme is Rs. 58.250 per unit (as on 16 oct 2009). The latest NAV can be found here

The Trustees of SBI MF have declared dividend of 25% under Dividend option of Magnum Sector Funds Umbrella Emerging Businesses Fund, an open-ended equity scheme. The Record date has been fixed at July 30, 2009

The NAV of the scheme as on 29-07-2009 is Rs. 13.91.

More Dividend Announcements | Latest NAV

SBI Mutual Fund has declared dividend in its Magnum Sector Funds Umbrella (MFSU) - Contra Fund. Following are its details-

SBI MFSU-CONTRA FUND

• Dividend: Re 5.00  per unit
• Record Date: 17th July, 2009
• NAV: Rs. 23.47  (as on 13/07/2009)

All Dividend announcements can be found here

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.

Check latest NAV

SBI’s Gold exchange traded fund is a good investment opportunity for long term investors .
However, in short-term, it is likely to underperform capital market. Short-term investors should choose equity funds, particularly infrastructure specific funds, over this one.
Neverthless, Gold ETF offers more stability, less risk and marginal standard deviation. These reasons are good enough to deviate your fund from fixed deposits to Gold ETF. Afterall, gold glitters!

Happy Investing….visit www.moneyvriksh.com and let your money grow!