SBI Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as "SBI Emerging Businesses Fund" on the face value of Rs 10 per unit.
The record date for the dividend was 7th April 2016. The latest NAV of the scheme is Rs 22.11.
The investment objective of the SBI Emerging Businesses Fund fund scheme is to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies.
The fund may also evaluate emerging businesses with growth potential and domestic focus.
The performance of the scheme was benchmarked against S&P BSE 500. R Srinivasan is the fund manager of the scheme.