Wednesday, 3 May 2017

0.43% div announced under SBI Savings Fund

SBI Mutual Fund has announced 0.4334 per cent dividend under dividend payout option of scheme named as “SBI Savings Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was April 28. 

The investment objective of the open-ended scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. R. Arun is the fund manager of the scheme.

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