SBI Mutual Fund launched a new close ended debt scheme named “SBI Debt Fund Series - 90 Days – 63,” with maturity time of 90 days.
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.
NFO Opens: May 16, 2012
NFO Closes: May 16, 2012
NFO: Rs 10 per unit
Listing:CRISIL Liquid Fund Index
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Rajeev Radhakrishnan.
For more details visit: www.sbimf.com