SBI Mutual Fund has announced a dividend of 35% (i.e. Rs 3.5 per unit on the face value of Rs 10) in SBI Magnum Tax gain Scheme. The record date for dividend is March 28, 2013. NAV as on 21th March,2013 Rs. 34.2585
*Pursuant to payment of dividend, the NAV of dividend option of Scheme /Plans would fall to the extent of payout & statutory levy, if applicable.
*Pursuant to payment of dividend, the NAV of dividend option of Scheme /Plans would fall to the extent of payout & statutory levy, if applicable.
When will you receive dividend
After
record date, if you opted for direct credit then in such case will get
credited within 7-8 working days in your bank account registered in that
scheme, and in case of cheque payment it will take 10-15 working days.
This information (details) are available in account statement as which mode of payment is alloted to you.
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when my sbi magnum tax gain scheme - dividend get credited to bank account
ReplyDeletewhat i can do when magnum tax gain dividend not credited into my account?
ReplyDelete
ReplyDeleteFirst thing to do is check your mutual fund account statement and check your mode of dividend payout.
If mode of dividend payout is direct credit in your bank account, check your bank account. (It will get credited till 7-8 April 2013)
If mode of payment is by cheque, then wait for 1-2 weeks, as dividend is declared on 28th march, so it may take little more time.
I have investment in SBI Tax Gain and mode of payment is direct credit.
Mine is not yet credited, I am expecting credit till 7-8 April 2013.
If your is direct credit and not yet received till 10th April 2013, then call customer care on following number...
Helpline number is 1800 425 5425
http://www.sbimf.com/ContactUs/Investor_Service_Centers.aspx
Email: partnerforlife@sbimf.com
Hi Again,
DeleteDividend from SBI Magnum Tax Scheme scheme got credited in my bank account on April 8, 2013.