SBI Mutual Fund has unveiled
a new fund named as SBI Debt Fund Series B - 35, a close ended debt scheme. The
tenure of the scheme is 1131 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 10 March and close on 17 March 2016.
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.
The scheme offers regular
and direct plan. Both the plans will have growth and dividend option.
The scheme will invest
70% to 100% of assets in debt and invest upto 30% 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 and 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 Composite Bond Fund Index.
The fund manager of the
scheme is Mr. Rajeev Radhakrishnan.
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