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SBI Debt Fund Series - 366 Days - 15 Floats On

By Sneha
|

SBI Debt Fund Series - 366 Days - 15 Floats On
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 15, a close ended debt scheme with the duration of 366 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.
The scheme offers two options viz. growth and dividend option.

 

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.

 

Entry and exit load charge will be nil for the scheme. The units of the scheme will be listed on BSE in order to provide liquidity.

Basic Details:

NFO Opens: September 18, 2012
NFO Closes: September 21, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Managers: Rajeev Radhakrishnan.

GoodReturns.in

Read more about: mutual funds sbi
Story first published: Saturday, September 15, 2012, 11:41 [IST]
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