SBI MF declares 0.15% weekly dividend

Mumbai: SBI Mutual Fund has declared a dividend of 0.15 per cent under the Magnum InstaCash Fund for the period ended 19 April 2002.

The effective annualised dividend for the month is 7.80 per cent. The record date for the dividend payout is 19 April 2002. All investors who have invested in the scheme as on 19 April 2002 are eligible for the dividend payment.

Magnum InstaCash is characterised as a low-risk fund, investing 100 per cent in debt and money market instruments.