SBI Mutual Fund has announced the NFO SBI Debt Fund
Series - 366 Days - 3, a close ended debt scheme.
The NFO opens for subscription on May 3, 2011 and closes
on May 8, 2011. No entry and exit load charges is applicable for the scheme.
The duration of the scheme will be 366 days from the date of allotment of
units. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond
Fund Index. The minimum application amount is Rs.5000 and in multiples of Rs.10
The fund manager for the scheme will be 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.