SBI Debt Fund Series - 90 Days - 53 Floats On

Published: Friday, December 23, 2011, 11:39 [IST]

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

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Story first published: Friday, December 23, 2011, 11:39 [IST]

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