SBI Mutual Fund files offer document for its SBI Dual Advantage Fund –Series VII to IX

SBI Mutual Fund files offer document for its SBI Dual Advantage Fund –Series VII to IX

SBI Mutual Fund has filed a draft offer document with SEBI for its close ended hybrid scheme called - SBI Dual Advantage Fund –Series VII to IX.

The scheme aims to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme and to generate capital appreciation by investing in Equity and equity related instruments.

The benchmark of the scheme is CRISIL MIP Blended Fund Index. The minimum application amount is Rs 5,000 & in multiples of Re. 1 thereafter. The fund will be co-managed by Rajeev Radhakrishnan and Dharmendra Grover.