Important dates for the two FMPs are:
SBI Debt Fund Series - 90 Days - 63 : NFO opens on May 16 and closes on May 16, 2012. Duration is for 90 days.
SBI Debt Fund Series - 366 Days - 4 : NFO opens on May 17 and closes on May 22, 2012. Duration is for 366 days
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 schemes.
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.
Benchmark Index will be CRISIL Liquid Fund Index for SBI Debt Fund Series - 90 Days - 63 and CRISIL Short Term Bond Fund Index for SBI Debt Fund Series - 366 Days - 4.
NFO: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Rajeev Radhakrishnan.