SBI Debt Fund Series - 367 Days - 18 & 19 Floats On

Published: Monday, March 26, 2012, 16:41 [IST]

SBI Mutual Fund has unveiled two new funds named as SBI Debt Fund Series - 367 Days - 18 & 19, close ended debt schemes with the duration of 367 days. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.

Important dates for the two FMPs are:
SBI Debt Fund Series - 367 Days - 18: NFO opens on 27 March and closes on 27 March 2012
SBI Debt Fund Series - 367 Days - 19: NFO opens on 26 March and closes on 26 March 2012

Investment Objective:
The investment objective of the schemes 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 schemes 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 Price: Rs 10 per unit
Benchmark: CRISIL Short Term Bond Fund Index.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Listing:BSE
Fund Managers:Mr. Rajeev Radhakrishnan.

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Story first published: Monday, March 26, 2012, 16:41 [IST]

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