0.09% dividend declared by SBI Mutual Fund
06/12/2017 13:00
SBI Mutual Fund has announced 0.09 per cent dividend under dividend payout option of scheme named as “SBI Magnum Insta Cash Fund - Regular Plan - Weekly Dividend” on the face value of Rs 1000 per unit.

The record date for the dividend is December 01. The latest NAV of the scheme is Rs 1077.94.

The investment objective of the open ended liquid fund scheme is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rajeev Radhakrishnan is the fund manager of the scheme.