SBI MF announces 20 pc dividend under Magnum COMMA Fund

State Bank of India Mutual Fund on Tuesday said it has declared a dividend of 20 per cent under the dividend option of Magnum COMMA Fund, an open-ended growth scheme.
The record date has been fixed at July 25, 2008, a release issued here said.
After the payment of dividend, the net asset value(NAV) of the scheme/option would fall to the extent of payout and statutory levy, if applicable.
Dividend distribution is subject to availability of distributable surplus and statutory levy (if any).
All Magnum/Unit holders of the scheme, whose names appear in record of Registrar of SBI Mutual Fund on the aforesaid record date, will be entitled to receive dividend, the release said.