SBI MF unveils Debt Fund Series – 366 Days - 26

Updated: Wednesday, April 10, 2013, 14:36 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 days -26. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 9 April and close on 12 April 2013.

Investment Objective:

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

Dividend Policy:

Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the discretion of the Fund Manager, subject to approval of
the trustees and no returns are assured under the scheme.

Minimum Application Amount:

Minimum application amount is Rs. 5,000/- and in multiples of Re. 1/- thereafter

Options offered

The scheme would have two plans viz:
a) Regular Plan
b) Direct Plan

Both plans will have two options Growth and Dividend option. Dividend option will have the facility of Payout & Transfer. Under Dividend Transfer facility, investors will have the option to transfer dividend declared in the SDFS, in any of the open ended scheme of SBIMF. Dividend transfer facility will be available to NFO investors only. Direct Plan will be default Plan, Growth will be the default option & dividend payout will be default facility.

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