SBI MF unveils Debt Fund Series - 90 Days Fund

Monday, October 18, 2010

sbi-mf-declares-dividend-for-magnum-comma-fund-300x257SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days Fund - 35, a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 20 October and will close on 21 October 2010.
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.
The scheme offers two options viz. growth and dividend payout option.
Maturity date of the scheme would be 90 days from the date of allotment of units.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The scheme will not charge any entry and exit load. The exit load is not applicable since the scheme will be listed on National Stock Exchange.
The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assts.
CRISIL Liquid Fund Index will be the benchmark index for the scheme.


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