Tuesday, July 10, 2012

Merger of SBI One India Fund with SBI Magnum Equity Fund, with effect from August 10, 2012.


SBI Mutual Fund has approved the merger of SBI One India Fund with SBI Magnum Equity Fund. The merger will be effective from 10 August 2012.

Investors are given an option to exit without payment of exit load from 12 July 2012 to 10 August 2012. 

However, the unit holders who choose to remain invested in SBI One India Fund will be allotted units of SBI Equity Fund at applicable NAV as on August 10, 2012.

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