SBI Debt Fund Series 90 Days; NFO closes on March 12

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SBI Debt Fund Series 90 Days; NFO closes on March 12
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 58, a close ended debt scheme with the duration of 90 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.

Allocation of funds:
The scheme will invest 60% to 100% of assets in debt & 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 9, 2012
NFO Closes: March 12, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.Rs 5000 and in multiples of Rs 10 thereafter..
Exit Load: Nil
Fund Manager:Mr. Rajeev Radhakrishnan.

Story first published: Monday, March 5, 2012, 15:23 [IST]
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