Saturday, 23 July 2011


SBI Mutual launched a New Fund Named SBI DEBT FUND SERIES - 367 DAYS – 4. This is a close ended Income Fund. The 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, AAA/AA+ Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

The maturity of the scheme is 367 days after the allotment of the mutual fund. The offer price of the single unit is Rs. 10 and the minimum required investment is Rs. 5000 and Rs. 10 thereafter. The scheme launched on 22nd July, 2011 and the offer will be closed on 26th July, 2011.

The Scheme is available on growth option and dividend payout option. 100% of the pooled money of the mutual fund will invest in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market instruments etc. There is no entry load or exit load for the scheme and plans to collect the minimum target  of Rs. 1 crore at the NFO period. The mutual fund will be listed in Bombay Stock Exchange (BSE).

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