SBI Debt Fund Series - 15 Months - 8 Floats On

Published: Friday, January 13, 2012, 15:02 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 15 Months - 8, a close ended debt scheme with the duration of 15 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.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

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 16, 2012
NFO Closes: January 18, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter
Exit Load: Nil
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Rajeev Radhakrishnan.

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Story first published: Friday, January 13, 2012, 15:02 [IST]

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