SBI Debt Fund Series - 90 Days - 60 Floats On

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SBI Debt Fund Series - 90 Days
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 60, 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: March 22, 2012
NFO Closes: March 26, 2012
NFO Price: Rs 10 per unit
Benchmark: CRISIL Liquid Fund Index.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Fund Managers:Mr. Rajeev Radhakrishnan.

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Read more about: mutual funds, sbi, nfo
Story first published: Monday, March 19, 2012, 11:51 [IST]
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