“SBI Debt Fund Series - 90 Days - 54", floats on; NFO to close on January 9

Posted by: Religare
Subscribe to GoodReturns

SBI Debt Fund Series - 90 Days - 54
SBI Mutual Fund launched a new close ended debt scheme called “SBI Debt Fund Series - 90 Days - 54", with maturity time of 90 days.

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 asset allocation of scheme will be in such a way that the objective of the scheme to generate income, liquidity and return will be met, through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments. Hence, the scheme will allocate 60 to 100 per cent of assets in debt and money market securities, and 0 to 40 per cent assets in government securities.

Basic Details:
NFO Opens: January 6, 2012
NFO Closes: January 9, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5,000 and in multiple of Re 10 thereafter.
Exit Load: Nil

Benchmark: Crisil MIP Blended Index
Listing: BSE stock Exchange
Fund Manager: Mr. Rajeev Radhakrishnan

Story first published: Friday, January 6, 2012, 23:33 [IST]
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'

Find IFSC