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    SBI Debt Fund Series - 90 Days - 71 Floats On

    SBI Debt Fund Series - 90 Days
    SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 71, 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.

    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.

    Basic Details:

    NFO Opens: September 21, 2012
    NFO Closes: September 24, 2012
    NFO: Rs 10 per unit
    Minimum application: Rs 5000 and in multiples of Rs 10 thereafter.
    Benchmark: CRISIL Liquid Fund Index.
    Managers: Rajeev Radhakrishnan.

    Read more about: mutual funds sbi
    Story first published: Tuesday, September 18, 2012, 11:29 [IST]
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