Dividend in SBI Magnum Tax Gain Scheme (Record date March 22, 2012)

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 22, 2012. NAV as on 19th March,2012 – Rs. 35.00/-

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.

Even i have investment in SBI Magnum tax Gain and have option of direct credit to my bank account. The SBI Magnum tax Gain dividend got credited in my bank account on March 28, 2012.

Update for 2013
 Dividend in SBI Magnum Tax Gain Scheme (Record date March 28, 2013)
http://mutual-funds-personalfin.blogspot.in/2013/03/dividend-in-sbi-magnum-tax-gain-scheme_26.html