Mutual Fund India: Changes in SBI Magnum TaxGain Schemes

Tuesday, November 22, 2011

Changes in SBI Magnum TaxGain Schemes

SBI Mutual fund has announced changes under Magnum TaxGain Scheme. Accordingly, the provision of compulsory re-investment of dividend amount of less than Rs 250 under a folio has been withdrawn with immediate effect. Henceforth, unitholders who have opted for payout of dividend under the said scheme shall be paid the dividend, irrespective of the amount.

All other terms and conditions of the scheme remain unchanged.

Source: http://www.moneycontrol.com/news/mf-news/changessbi-magnum-taxgain-schemes_621314.html

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Principal Emerging Bluechip fund (Stock picker Fund) 11%
Reliance Growth Fund (Stock Picker Fund) 11%
IDFC Premier Equity Fund (Stock picker Fund) (STP) 11%
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Birla Sun Life Front Line Equity Fund (Large Cap Fund) 10%
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Sundram BNP Paribas Select Midcap Fund (Midcap Fund) 8%
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Principal Large Cap Fund (Largecap Equity Fund) 10%
Reliance Vision Fund (Large Cap Fund) 10%
IDFC Imperial Equity Fund (Large Cap Fund) 10%
Reliance Regular Saving Fund (Stock Picker Fund) 10%
Birla Sun Life Front Line Equity Fund (Large Cap Fund) 9%
HDFC Prudence Fund (Balance Fund) 9%
ICICI Prudential Dynamic Plan (Dynamic Fund) 9%
Principal MIP Fund (15% Equity oriented) 10%
IDFC Savings Advantage Fund (Liquid Fund) 6%
Kotak Flexi Fund (Liquid Fund) 6%

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Tuesday, November 22, 2011

Changes in SBI Magnum TaxGain Schemes

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