SBI Mutual Fund Launches two Fixed Maturity Plans

Mutual Funds

oi-Sneha

By Sneha B K

Published: Monday, May 14, 2012, 11:11 [IST]

SBI Mutual Fund has launched two new plans named as SBI Debt Fund Series - 90 Days - 63 and SBI Debt Fund Series - 366 Days - 4, close ended debt schemes.

Important dates for the two FMPs are:

SBI Debt Fund Series - 90 Days - 63 : NFO opens on May 16 and closes on May 16, 2012. Duration is for 90 days.
SBI Debt Fund Series - 366 Days - 4 : NFO opens on May 17 and closes on May 22, 2012. Duration is for 366 days

Investment Objective:
The investment objective of the schemes 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 schemes.

Allocation of Funds:
The schemes 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.

Benchmark Index will be CRISIL Liquid Fund Index for SBI Debt Fund Series - 90 Days - 63 and CRISIL Short Term Bond Fund Index for SBI Debt Fund Series - 366 Days - 4.

Basic Details:
NFO: Rs 10 per unit
Listing: BSE
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Rajeev Radhakrishnan.

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