SBI Debt Fund for 90 days – Series 50 – Short-term investment plan

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SBI Debt Fund for 90 days – Series 50
If you have missed out the opportunity to invest in SBI Debt Fund for 90 days last week, here comes the another chance for you. SBI Mutual Fund is launching another similar fund named as SBI Debt Fund Series - 90 Days – 50, a close-ended debt scheme with the duration of 90 days.

The fund is especially designed for the people who come under low-risk-low-return profile. The fund carry no risk as it aims to invest in a portfolio of AAA rated government debt instruments so as to provide regular income, liquidity and returns to the investors.

Allocation of Funds:
The fund will allocate 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: October 3, 2011
NFO Closes: October 5, 2011
NFO Price: Rs.10 per unit
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional of Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Listing: Bombay Stock Exchange

(If you want to read a view about the SBI Debt Fund for 90 days, click here)

Read more about: mutual funds, sbi, nfo, fmp
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