SBI Mutual Fund has launched the NFO SBI Debt Fund Series - 90 Days - 64, a close ended debt scheme.
The NFO opens for subscription on May 25, 2012 and closes on May 28, 2012. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Liquid Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund manager of 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.
