SBI Magnum Tax Gain Scheme announces dividend

SBI Mutual Fund has announced the dividend as Rs4 per unit

SBI Magnum Tax Gain Scheme has announced dividend for 2011. The record date for the dividend is 18 March 2011. SBI Mutual Fund has announced the dividend as Rs4 per unit.

SBI Magnum Tax Gain scheme provides tax benefit under section 80C (the one with Rs1 lakh limit), and primarily invests in equity.

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COMMENTS

chandrasekhar palukuru

5 years ago

excellent

Taurus Mutual Fund floats Fixed Maturity Plan Series D (370 Days)

Taurus Mutual Fund new issue closes on 17th March

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series D (370 Days), a close-ended income scheme.

The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 17th March. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Rahul Pal and Pankaj Jain are the fund managers.

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Kotak Mahindra Mutual Fund unveils 370 days fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 16th March

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 40 (370 Days), a close-ended income scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. The tenor of the scheme is 370 days.

The new issue closes on 16th March. The minimum investment amount is Rs5,000.

The benchmark index of the scheme shall be CRISIL Short Term Bond Index. Deepak Agarwal and Abhishek Bisen will be the fund managers for the scheme.

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