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SBI Debt Fund Series - 366 Days - 18 Floats On

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SBI Debt Fund Series - 366 Days
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 18, 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.

Basic Details:

NFO Opens: November, 19, 2012

NFO Closes: November, 23, 2012

NFO: Rs 10 per unit

Minimum application: Rs 5000 and in multiples of Rs 1 thereafter.

Benchmark: CRISIL Short Term Bond Fund Index.

Manager: Rajeev Radhakrishnan.

GoodReturns.in

Read more about: mutual funds sbi
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