14 Nov 2019 | 7:09 AM

News

MUTUALFUND
SBI Mutual Fund declares 0.0659% dividend
Published on 10-22-2019
SBI Mutual Fund has announced 0.659 per cent dividend under dividend payout option of scheme named as “SBI Overnight Fund” on the face value of Rs 1000 per unit.


The record date for the dividend was October 18. The latest NAV of the scheme is Rs 1031.48.


The investment objective of the open ended liquid fund is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.


The scheme is benchmarked against CRISIL CBLO Index. R Arun is the fund manager of the scheme.