SBI Mutual Fund has announced the NFO SBI Debt Fund Series - 90 Days - 62, a close ended debt scheme.
The NFO opens for subscription on April 27, 2012 and closes on April 30, 2012. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 90 days from the date of allotment of units. The scheme offers dividend payout and growth option.
The scheme will be benchmark against CRISIL Liquid Fund Index. The minimum application amount is Rs.5000 and in multiples of Rs.10 thereafter. 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
