Friday, 12 August 2011

SBI DEBT FUND SERIES 180 DAYS - 21-NFO

SBI Mutual Fund Launched a close ended income fund named SBI DEBT FUND SERIES 180 DAYS – 21. 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 the 180th day from the date of allotment of the fund.

The opening date of this new fixed Maturity Plan is 12th August, 2011 and the closing date is 16th August, 2011. The price of a single unit is Rs. 10 at the NFO period and the minimum required investment is Rs. 5000. There is no entry load or exist load for the scheme.

All About Mutual Fund


The investor can opt for growth option or dividend payout option. The scheme plans to invest 10o percent of the pooled money in Government securities and treasury bills, Public Sector Undertakings & Corporate Bonds and debt instruments, Money market instruments with medium or low risk profile. Mr. Rajeev Radhakrishnan is the Fund Manager and the scheme is benchmarked against CRISIL Liquid Fund Index.

The debt schemes are less affected with high market fluctuations. An investor who is not ready to invest in high risk profile financial instruments may choose this plan. The risk profile is medium or low and the chances of getting a loss is lesser than open ended equity schemes.

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4 comments :

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  2. [...] which will be matured or could be encashed before the maturity date of the Mutual Fund. The New Fund Offer allows two options to its investors as growth option or dividend payout option. The scheme is [...]

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