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SBI MF Launched SBI Fixed Maturity Plan - Series 60, Check Details
SBI Fixed Maturity Plan- Series 60 is a Debt-FMP fund launched by the SBI Fund Management Pvt Ltd. The fund is managed by Ms. Ranjana Gurta. Prior joining to the SBI Mutual fund, she was heading the broking activities at Twentyfirst Century Shares and Securities Ltd.
Fixed Maturity Plan (FMP) is a fixed tenure mutual fund scheme that invests its corpus in debt securities having maturities that correspond to the scheme's term. An FMP's term might range from a few months to a few years.
NFO Details
| Start Date | 09/02/22 |
| End Date | 14/02/22 |
| Min. Investmnet | Rs. 5,000.00 |
| Benchmark | CRISIL Medium to Long Term Debt Index |
| Tenure | 1878 Days |
| Initial Price | Rs 10 |
| Entry load | 0 |
| Exit load | 0 |
| Type: | Closed-end |
| Riskometer: | Moderate |
The scheme intends to offer investors regular income and capital growth while limiting interest rate risk through investments in a portfolio of debt instruments like Government Securities, PSU & Corporate Bonds, and Money Market Instruments expiring on or before the scheme's expiry.
