SBI Debt Fund Series - 90 Days - 53 Floats On

Posted By:
Subscribe to GoodReturns

SBI Debt Fund Series - 90 Days - 53 Floats On
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 53, a close ended debt scheme with the duration of 90 days. 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- 100% of assets in debt and money market securities. The scheme shall also invest upto 40% in government securities. Exposure to securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: December 27, 2011
NFO Closes: December 27, 2011
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5,000 and in multiples of Rs. 10, thereafter
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Manager: Mr. Rajeev Radhakrishna

GoodReturns.in

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'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?