SBI MF unveils SBI Debt Fund Series – 90 Days- 73

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, December 19, 2012, 11:23 [IST]

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days- 73, a close ended debt scheme. NFO opens on 18 December 2012 and closes on 19 December 2012.

Minimum Application Amount:

Minimum application amount is 5,000 and multiples of Re 1/- thereafter.

Objective of scheme:

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.

Liquidity:

No redemption/repurchase of units shall be allowed prior to the maturity of the scheme.
Redemption will be allowed on maturity of the scheme. Each fund under the series is proposed to be listed on the BSE within 5 business days from the date of allotment. Investors can trade on the exchange and Investors wishing to exit may do so, through BSE or any other stock exchange where the scheme will be listed.

Benchmark

SDFS - 90 Days would be benchmarked to CRISIL Liquid Fund Index.

Options offered:

Growth and Dividend option. Dividend option will have the facility of Payout & Transfer. Under Dividend Transfer facility, investors will have the option to transfer dividend declared in the SDFS, in any of the open ended scheme of SBIMF. Dividend transfer facility will be available to NFO investors only. Growth will be the default option & dividend payout will be default facility.

Dividend Policy:

Dividend declaration under the dividend option of the scheme is subject to the availability of distributable surplus and at the discretion of the Fund Manager, subject to approval of the trustees and no returns are assured under the scheme.

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