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SBI Debt Fund Series - 367 Days - 6 Floats On

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SBI Debt Fund Series - 367 Days - 6 Floats On
SBI Mutual Fund is coming up with a new fund offer named as SBI Debt Fund Series - 367 Days - 6 on September 16, 2011. It"s a close-ended debt scheme with duration of 367 days.

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 fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Asset Allocation:

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

Basic Details:

NFO Opens: September 16, 2011

NFO Closes: September 19, 2011

NFO Price: Rs.10 per unit

Listing: Bombay Stock Exchange

Options: Dividend Payout and Growth option

Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter

Exit Load: Nil

Benchmark: CRISIL Short Term Bond Fund Index

GoodReturns.in

Read more about: mutual funds sbi nfo fmp
Story first published: Wednesday, September 14, 2011, 13:26 [IST]
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