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