SBI Mutual Fund has launched a new Closed Ended Growth scheme named SBI Fixed Maturity Plan (FMP) - Series 4 with maturity period of 372 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Apr 23 to Apr 30, 2019.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Ranjana Gupta, while the performance of the scheme will be benchmarked against CRISIL Short-Term Bond Fund Index.
The scheme endeavours to provide regular income and capital growth with limited interest rate risk 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.