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.