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SBI Asset Management Company (AMC) has informed that SBI Mutual Fund Trustee Company, Trustees to SBI Mutual Fund have approved Income Distribution cum Capital Withdrawal (IDCW) options in SBI Long Term Equity Fund (an open ended Equity Linked Saving Scheme with a statutory lock in period of 3 years and tax benefit). The record date for the same is March 24, 2023 or the immediately following Business Day, if that day is a Non – Business Day.

The quantum of IDCW on the face value of Rs 10 per unit will be Rs 5.25 for regular plan IDCW and Rs 6.80 for direct plan IDCW. The NAV for the Regular plan IDCW will be 52.0497 and for direct plan NAV will be Rs 67.6190, as on March 20, 2023