SBI Mutual Fund has declared dividend under dividend payout option of SBI Magnum Balanced Fund. The record date for dividend has been fixed as 28th March, 2011. The quantum of dividend will be Rs 2.20 per unit on a face value of Rs 10. The investment objective of the scheme is to provide long term capital appreciation along with the liquidity of an open ended scheme by investing in a mix of debt and equity.The fund is managed by Mr. Dharmendra Grover (for equity) and Mr. Dinesh Ahuja (for debt). The fund was launched on 31st December, 1995 and is benchmarked against Crisil Balanced Fund Index.