SBI Debt Fund Series - 366 Days - 16 Floats On

Mutual Funds

oi-Sneha

By Sneha B K

Published: Saturday, October 20, 2012, 11:15 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 16, 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 upto 100% of assets in debt & money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets. The scheme shall not invest in foreign securitized debt.

45% to 50% of assets would be invested in certificate of deposits and 50% to 55% of assets in commercial papers.

Basic Details:

NFO Opens: October 22, 2012
NFO Closes: October 25, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Listing: BSE
Manager: Rajeev Radhakrishnan.

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