SBI MF Introduces SBI Debt Fund Series - 367 Days - 16 (07-Feb-2012)
SBI Mutual Fund has launched the New Fund Offer (NFO) SBI Debt Fund Series - 367 Days - 16, a close ended debt scheme with the duration of 367 days.
NFO opens for subscription on February 10, 2012 and will close on February 13, 2012. No entry and exit load charges will applicable for the scheme. The scheme offers dividend payout and growth option. The duration of the scheme is 367 days from the date of allotment of units.
The scheme will be benchmark against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The scheme will be managed by Rajeev Radhakrishnan.
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.
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