SBI Mutual Fund has announced 0.0760 per cent dividend under dividend payout option of scheme named as “SBI Overnight Fund” on the face value of Rs 1000 per unit.

The record date for the dividend was August 09. The latest NAV of the scheme is Rs 1031.92.

The investment objective of the open ended scheme is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments.

The performance of the scheme was benchmarked against CRISIL CBLO Index. R Arun is the fund manager of the scheme. v