SBI Debt Fund Series - 18 Months - 9 Floats On

Published: Tuesday, December 20, 2011, 14:27 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 18 Months - 9, a close ended debt scheme with the duration of 18 months. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

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.

Allocation of funds:
The scheme will invest 60% to 100% of assets in debt securities, upto 20% of assets in money market securities and upto 20% of assets in government securities. Exposure to domestic securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: December 23, 2011
NFO Closes: December 26, 2011
NFO Price: Rs 10 per unit

Options: Growth and Dividend Payout
Listing: Bombay Stock Exchange

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index.
Fund Manager: Mr. Rajeev Radhakrishnan.

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Story first published: Tuesday, December 20, 2011, 14:27 [IST]

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