Change in Compulsory Re-investment Option to Dividend in SBI Magnum TaxGain

Earlier In SBI Magnum TaxGain Scheme when dividend was declared and when amount was less than Rs.250, the amount was re-invested in that scheme, but from November 21, 2011 SBI Mutual Fund has withdrawn the provision related to Compulsory Re-investment of dividend amount less than Rs. 250 from Magnum Tax Gain under a folio with immediate effect. So, investors opting for payout of dividend will be paid the dividend irrespective of the amount.