SBI Mutual Fund has launched a new fund named as SBI Debt Fund Series - 15 Months Fund - 5, 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 2 March and close on 8 March 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.
The scheme will invest in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments. Investment in Money Market instruments would be up to 100%. Exposure to securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
Source: http://profit.ndtv.com/2010/03/01145655/SBI-Debt-Fund-Series--15-Mont.html
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.
The scheme will invest in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments. Investment in Money Market instruments would be up to 100%. Exposure to securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
Source: http://profit.ndtv.com/2010/03/01145655/SBI-Debt-Fund-Series--15-Mont.html
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