SBI Mutual Fund has launched the NFO SBI Debt Fund Series - 90 Days - 66, a close ended debt scheme.
The NFO opens for subscription on June 15, 2012 and closes on June 18, 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 multiple of Rs 1 thereafter. The schemes will be managed by Rajeev Radhakrishnan.
The primary investment objective of the schemes 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
Source: Accord Fintech
