SBI Mutual Fund launches SBI Debt Fund Series-367 Days-13

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SBI MF launches SBI Debt Fund Series-367 Days-13
SBI Mutual Fund has launched SBI Debt Fund Series -367 Days-13, a close-ended debt scheme.

Investment Objective:
The 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 schemes.

Allocation of funds:
The scheme will invest 60-100% in debt and money market securities and upto 40 % in government securities. Exposure to domestic securitized debt may be to the extent of 40% of the net assets.

Basic Details:
NFO Opens: January 4, 2012
NFO Closes: January 10, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5,000 per application and in multiples of Rs. 10, thereafter
Exit Load: Nil

Read more about: mutual funds, sbi
Story first published: Saturday, December 31, 2011, 14:13 [IST]
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