SBI Mutual Fund, a subsidiary of State Bank of India, has launched SBI PSU Fund. The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.

NFO Summary

• Scheme Name: SBI PSU Fund
• NFO Start Date: 17-May-2010
• NFO Close date: 14-June-2010
• Offer Price: Rs. 10.00
• Minimum Subscription: Rs. 5,000/-
• Entry Load: Nil
• Exit Laod: 1%, if redeemed before 12 months. Otherwise, Nil.
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• Invest Online

SBI PSU Fund will be benchmarked against BSE PSU Index and will be managed by Rama Iyer Srinivasan, who holds 16 years of experience in the area of financial services, apart from holding an M.Com and MFM degree. Presently Srinivasan is also the fund manager of Magnum Equity Fund , Magnum Global Fund Magnum Sector Funds Umbrella - Emerging Business Fund and SBI Infrastructure Fund - Series I.

Our Review

Invest in SBI PSU Fund with medium term (1-3 years) perspective. Investors looking for short term gain may well avoid this fund.

Also, investors with very long term perspective , say 10 years or more, may also avoid this NFO. Long term investors are advised to invest in other diversified mutual funds.

How To Invest

Invest Online

1. Click here to register your details and invest online.
2. Use Internet Explorer only. Otherwise, you will face problems.
3. Once registered, logout completely and close the window (Important)
4. Relogin using the above link (or Click Here) and make payment.
5. Make sure that our ARN number 25682 is mentioned against broker code. Without this code, we will not be able to serve you (e.g. we will not be able to provide you A/C statement on request without ARN Number)
6. While applying online, you may call 9910311120 to get assistance.

Download Form

1. Download Application Form from here
2. Fill-in complete detials, attach PAN card copy and KYC Form if investment of more than 50,000/-
3. Send it to our Address or deposit at the nearest collection center mentioned in the form

Note: Mutual Funds are subjected to market risks. Please read all scheme related documents carefully before investing.

The two top tax saver funds - SBI Magnum Tax Gain Scheme 93 and HDFC Tax Saver Fund - have declared dividends with record date of 05-March-2010

SBI Magnum Tax Gain Scheme 93

• Dividend: Rs. 4.00 per unit
• NAV : Rs. 42.01 per unit ( as on 02/03/2010)
• Record Date: 05-March-2010
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• Click here to Invest Online in SBI Mutual Fund

HDFC Tax Saver Fund -

• Dividend: Rs. 6.00 per unit
• NAV : Rs. 61.221 per unit ( as on 02/03/2010)
• Record Date: 05-March-2010
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• Click here to Invest Online in HDFC Mutual Fund

To check latest NAV of the schemes, click here. After record date, NAV will fall to the extent of dividend declared.

Mutual Funds are subjected to market risks. Please read scheme information document carefully before investing.

Following are the Mutual Fund Schemes declaring dividends:

SBI Magnum Balanced Fund - 28-Nov-09 -  Rs. 5 per unit

Reliance Vision Fund - 27-Nov-09 - Rs. 5 per unit

Tata Equity P/E Fund (Dividend Trigger Option A – 5%) - 26-Nov-09 - Rs. 1.80 per unit

The NAV these funds will fall to the extent of the dividend payout. The latest NAV can be checked here

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