For Quick Alerts
For Daily Alerts

SBI Mutual Fund unveils SBI Debt Fund Series - 90 Days 48


SBI MF unveils SBI Debt Fund Series - 90 Days 48
SBI Mutual Fund unveils a new fund offer named as SBI Debt Fund Series – 90 Days – 48 on July 29, 2011. It"s a close-ended income scheme especially designed for Fixed Income Group, people with short horizon.

The NFO opens on July 29, 2011 and closes on August 2, 2011. The duration of the scheme will be 90 days from the date of allotment of units.


The units of the scheme will be listed on the Bombay Stock Exchange (BSE).

The minimum application amount is Rs 5,000 and after that additional investment can be made of Rs 10.

The investors will be provided with the two options: Growth and Dividend. Dividend option offers the facility of dividend payout.

Investment objective:
The objective of the scheme is to provide regular income, liquidity and returns to the investor by investing in debt and money market instruments and Government Securities with the same tenure i.e. the instruments maturing on or before the maturity date of the respective scheme.

Asset Allocation:
The fund will allot up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: July 29, 2011
NFO Closes: August 2, 2011
NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange
Benchmark: CRISIL Liquid Fund Index
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter
Exit Load: Nil

OneIndia Money

Read more about: mutual funds nfo sbi bse
Story first published: Wednesday, July 27, 2011, 13:25 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X