SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 18, 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 upto 100% of assets in debt & money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets. The scheme shall not invest in foreign securitized debt.
NFO Opens: November, 19, 2012
NFO Closes: November, 23, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Manager: Rajeev Radhakrishnan.