The Trustees of SBI Mutual Fund have declared a dividend of 50 per cent for the Magnum Balanced Fund under the Dividend Option plan.
The record date has been fixed at Friday, November 27, a press release issued here said.
“We are happy to announce 50 per cent dividend under Magnum Balanced Fund - which is a reflection of superior performance in most challenging times. The funds’ investments are guided primarily by the long-term fundamentals and maintaining adequate liquidity,” SBI Mutual Fund’s Managing Director and CEO, Achal Kumar Gupta, said.
“The fund offers investors the possibility to invest in a diversified portfolio of equities of high-growth companies and balance the risk through investing in a relatively safe portfolio of debt,” he added.
According to SBI Mutual Fund’s CIO, Navneet Munot, “Magnum Balanced Fund’s core philosophy of investing in a mix of debt and equity has stood the test of time and rewarded investors across business and market cycles. Both equity and debt portion are actively managed and our stock picks on the equity side have done well.”