SBI MF has launched close ended capital protection oriented scheme schemes called SBI Capital Protection Oriented Fund – Series III
Mumbai: The NFO will be open from September 15, 2011 to September 29, 2011. The tenure of the scheme will be 3 year from the date of allotment.
The primary objective of the scheme is to protect the capital invested on maturity of the scheme through focused investments in equity, debt and money market instruments while also seeking to provide investors with opportunities for long-term growth in capital.
The scheme will allocate 82 to 100 per cent of assets in debt, debt related instruments & money market instruments with low to medium risk profile. It would further allocate up to 18 per cent of assets in equity and equity related instruments including derivatives with high risk profile.
The minimum application amount will be Rs 5,000. The scheme will not charge any entry or exit load. The scheme will be jointly managed by Rajeev Radhakrishnan and Rama Iyer Srinivasan. It will be benchmarked against CRISIL MIP Blended Index.
