SBI Mutual Fund is consistent with its dividend policy and hence, as its ritual, it is giving dividend of Rs. 3.50 per unit on SBI Magnum Taxgain Scheme- Regular Plan. The record date is Thursday, 28-March-2014. The dividend will be distributed to investors of SBI Taxgain Scheme- Regular Plan dividend – payout option.
Fresh investment till 27th March will be eligible for investment. So, you can save tax on full invested amount while getting Rs. 3.50 per unit back within 10-15 days. You can invest by downloading SBI Magnum taxgain scheme application form and choosing dividend option. NAV as on March 25, 2014 was Rs. 37.5858.
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