SBI Debt Fund Series - 367 Days - 5 Floats On

Mutual Funds

oi-Monika Nihalani

By Monika Nihalani

Published: Wednesday, August 3, 2011, 14:35 [IST]

SBI Mutual Fund is coming up with a new fund offer named as SBI Debt Fund Series - 367 Days - 5 on August 4, 2011. It"s a close-ended debt scheme with duration of 367 days.

Investment objective:
The objective of the scheme is to generate regular income, liquidity and returns 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.

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

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

Basic Details:
NFO Opens: August 4, 2011
NFO Closes: August 8, 2011
NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index

GoodReturns.in