SBI MF launches Debt Fund Series - 15 Months - 7

Published: Thursday, January 5, 2012, 15:11 [IST]

SBI Mutual Fund has launched a new fund named as SBI Debt Fund Series - 15 Months - 7, a close ended debt scheme with the duration of 15 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.

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: January 10, 2011
NFO Closes: January 11, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth
Minimum Application Amount: Rs 5,000 per application and additional of Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Listing: Bombay Stock Exchange
Fund Manager:Mr. Rajeev Radhakrishnan

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Story first published: Thursday, January 5, 2012, 15:11 [IST]