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SBI MF launches SBI Debt Fund Series - 180 Days

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SBI MF launches SBI Debt Fund Series - 180 Days
SBI Mutual Fund is coming up with a new fund offer named as SBI Debt Fund Series - 180 Days - 23. It’s a close-ended debt scheme with duration of 180 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.

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: November 8, 2011

NFO Closes: November 8, 2011

NFO Price: Rs.10 per unit

Listing: Bombay Stock Exchange

Options: Growth and Dividend

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

Exit Load: Nil

Benchmark: CRISIL Liquid Fund Index

Fund Manager: Mr. Rajeev Radhakrishnan

GoodReturns.in

Read more about: mutual funds nfo fmp sbi debt
Story first published: Friday, November 4, 2011, 16:29 [IST]
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