SBI Debt Fund Series - 18 Months - 11 Floats On

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SBI Debt Fund Series - 18 Months
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 18 Months - 11, a close ended debt scheme with the duration of 18 months. 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 securities, upto 20% of assets in money market securities and upto 20% 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: October 16, 2012
NFO Closes: October 19, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index
Listing: BSE
Manager: Rajeev Radhakrishnan.

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Read more about: mutual funds, sbi
Story first published: Saturday, October 13, 2012, 10:49 [IST]
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