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Are dividends received rom SBI Magnum MIP taxable

I have invested ten lacks in the sbi magnum mip regular growth. I have recieved 8300Rs/-per month. Please tell me this amount which is deposited in my saving account it is taxable or non taxable. Please explain in detail?

May 3, 2017 by Ramdas Mahadeo Gaydhane,   |   Mutual Fund

Please note that dividends received from any mutual fund scheme in the hands of the investors is totally tax free! Therefore, the dividend amounts credited in your bank account from your investments in SBI Magnum MIP Regular is totally tax free!

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