SBI Debt Fund Series - 13 Months - 12 Floats On

Published: Tuesday, February 28, 2012, 14:31 [IST]

SBI Mutual Fund has unveiled a new fund named called SBI Debt Fund Series - 13 Months - 12, a close ended debt scheme with a duration of 13 months.

Investment Objective:
The investment objective of the scheme is to provide regular income, liquidity and returns to 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 maturity of the scheme.

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

Basic Details:
NFO Opens: March 2, 2012
NFO Closes: March 5, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Exit Load: Nil
Listing:BSE
Fund Manager: Mr. Rajeev Radhakrishnan.

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Story first published: Tuesday, February 28, 2012, 14:31 [IST]

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