SBI Dual Advantage Fund - Series VI - NFO

SBI Mutual Fund (MF) has unveiled a new fund named as SBI Dual Advantage Fund - Series VI, a close ended hybrid scheme. The tenure of the scheme is 1111 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from December 10  - 2014 and close on  December 24 - 2014.

The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme.

The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity and equity related instruments.

The scheme offers regular and direct plan. Both the plans will have growth and dividend option.

The scheme will invest 55% to 95% of assets in debt and debt related instruments, invest upto 10 % of assets in money market instruments with low to medium risk profile & invest 5% to 35% of assets in equity & equity related instruments including derivatives with high risk profile.

The minimum application amount is Rs. 5,000.

Entry & exit load charge will be not applicable.

The units of the scheme will be listed on NSE in order to provide liquidity.

Benchmark Index for the scheme is CRISIL MIP Blended Fund Index.

Mrf. Rajeev Radhakrishnan shall manage debt portion and Richard D'souza shall manage investments in equity & equity related instruments of the scheme.

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