SBI Debt Fund Series - 90 D; NFO opens Feb 24

Posted By:
Subscribe to GoodReturns

SBI Debt Fund Series - 90 D; NFO opens Feb 24
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 57, 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% 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 24, 2012
NFO Closes: February 27, 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 Liquid Fund Index..
Exit Load: Nil
Listing:BSE
Fund Manager: Mr. Rajeev Radhakrishnan.

GoodReturns.in

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'