SBI MF unveils SBI Debt Fund for 18 months

Posted By:
Subscribe to GoodReturns

SBI MF unveils SBI Debt Fund for 18 months
SBI Mutual Fund has unveiled a new fund offer named as SBI Debt Fund Series – 18 months - 8 on October 19, 2011. It’s a close-ended debt scheme with duration of 18 months.

Investment objective:
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the 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/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 19, 2011
NFO Closes: October 20, 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

Read more about: mutual funds, nfo, sbi, fmp, dividend, growth
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'