SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 66, a close ended debt scheme with the duration of 90 days.
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.
The scheme offers two options viz. growth and dividend option.
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.
NFO Opens: June 15, 2012
NFO Closes: June 18, 2012
NFO: Rs 10 per unit
Benchmark: CRISIL Liquid Fund Index.
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Rajeev Radhakrishnan.