SBI Debt Fund Series - 367 Days - 15 Floats On

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, February 1, 2012, 12:52 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 367 Days - 15, a close ended debt scheme with the duration of 367 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% to 100% of assets in debt & money market securities and upto 40% 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: February 2, 2012
NFO Closes: February 6, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Exit Load: Nil
Listing:BSE
Fund Manager: Mr. Rajeev Radhakrishnan.

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