SBI Mutual Fund (MF) has unveiled a
new fund named as SBI MF Debt Fund Series B - 20, a close ended debt scheme.
The tenure of the scheme is 1100 days from the date of allotment. The New
Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The NFO will be open for subscription from 11 June and close on 15 June
2015.
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 and Corporate
Bonds & Money Market Instruments maturing on or before the maturity of the
scheme.
The scheme offers regular& direct plan.
Both the plans will have growth & dividend option.
The scheme will invest 60% to 100% of assets in debt and invest upto 40% of
assets in money market securities with low to medium risk profile. Exposure to
domestic securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs. 5,000
Entry & exit load charge will be nil for the scheme.
The units of the scheme will be listed on NSE in order to provide
liquidity.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
The fund manager of
the scheme is Mr. Rajeev Radhakrishnan
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