SBI MF launches SBI Debt Fund Series - 367 Days - 3

Published: Tuesday, July 5, 2011, 14:12 [IST]

SBI Mutual Fund launches SBI Debt Fund Series – 367 Days - 3 on July 8, 2011. It"s a close-ended debt scheme especially designed for Fixed Income Group, people with short horizon.

The NFO opens on July 8, 2011 and closes on July 12, 2011. The duration of the scheme will be 367 days from the date of allotment of units.

The units of the scheme will be listed on the Bombay Stock Exchange (BSE).

The minimum application amount is Rs 5,000 and after that additional investment can be made of Rs 10.

The investors will be provided with the two options: Growth and Dividend. Dividend option offers the facility of dividend payout.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Investment objective and performance:
The objective of the scheme is to provide regular income, liquidity and returns to the investor by investing in debt and money market instruments and Government Securities with the same tenure i.e. the instruments maturing on or before the maturity date of the respective scheme.

Asset Allocation:
The fund will invest up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: July 8, 2011
NFO Closes: July 12, 2011
NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange
Benchmark: CRISIL Short Term Bond Fund Index
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter
Exit Load: Nil

OneIndia Money

Story first published: Tuesday, July 5, 2011, 14:12 [IST]