SBI Mutual Fund has announced the NFO SBI Debt Fund Series - 366 Days - 5, a close ended debt scheme.
The NFO opens and closes for subscription on May 29, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 366 days from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiple 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.
