SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 11, a close ended debt scheme with the duration of 366 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.
Entry and exit load charge will be nil for the scheme. The units of the scheme will be listed on BSE in order to provide liquidity.
NFO Opens: August 6, 2012
NFO Closes: August 8, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Manager: Rajeev Radhakrishnan.