SBI Debt Fund Series - 366 Days - 7 Floats On

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Published: Friday, June 15, 2012, 12:45 [IST]
 
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SBI Debt Fund Series - 366 Days - 7 Floats On

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 7, a close ended debt scheme with the duration of 366 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.

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.

Basic Details:
NFO Opens: June 19, 2012
NFO Closes: June 20, 2012
NFO: Rs 10 per unit
Listing: BSE
Benchmark: CRISIL Short Term Bond Fund Index.
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Rajeev Radhakrishnan.

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Topics: mutual funds, sbi
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