SBI Mutual Fund has launched the NFO of SBI Debt Fund Series - 366 Days – 7, a close ended income scheme.
The NFO opens for subscription on June 19, 2012 and closes on June 20, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is 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.
Source: Accord Fintech
