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Indian-Commodity  :  Mutual Funds  :  SBI Mutual Fund files offer document for Debt Fund Series C - 11 to 14

SBI Mutual Fund files offer document for Debt Fund Series C - 11 to 14 (18-Jan-2018)

SBI Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named as ' SBI Debt Fund Series C - 11 to 14'. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme.

The scheme offers Growth option, Dividend Option. Dividend option will have the facility of Payout and Transfer and Growth will be the default option and dividend payout. The scheme seeks to collect a Minimum Target Amount of Rs 20 crore.

The scheme's performance for Schemes having maturity of up to 91 days will be benchmarked against Crisil Liquid Fund Index, for Schemes having maturity of between 92 days to 37 Months will be benchmarked against Crisil Short Term Bond Fund Index and for schemes having maturity above 37 Months will be benchmarked against Crisil Composite Bond Fund Index. The minimum application amount is Rs 5,000 and multiples of Re 1 thereafter.

The primary investment objective of the scheme is 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.


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