SBI MF unveils SBI Debt Fund for 18 months

Published: Tuesday, October 18, 2011, 13:44 [IST]

SBI Mutual Fund has unveiled a new fund offer named as SBI Debt Fund Series – 18 months - 8 on October 19, 2011. It’s a close-ended debt scheme with duration of 18 months.

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/Debt Instruments, Money Market instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: October 19, 2011
NFO Closes: October 20, 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

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Story first published: Tuesday, October 18, 2011, 13:44 [IST]

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