SBI Mutual Fund (MF) has unveiled a new fund
named as SBI MF Debt Fund Series B - 16, a close ended debt scheme.
The tenure of the scheme is 1100 days from the
date of allotment.
The New Fund Offer (NFO) price for the scheme is
Rs 10 per unit. The new issue will be open for subscription from 07 May and
close on 11 May 2015.
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 and Corporate Bonds and Money Market Instruments maturing on or
before the maturity of the scheme.
The scheme offers regular and direct plan. Both
the plans will have growth & dividend option.
The scheme will invest 60% to 100% of assets in
debt and invest upto 40% of assets in money market securities with low to
medium risk profile. Exposure to domestic securitized debt may be to the extent
of 40% of the net assets.
The minimum application amount is Rs. 5.000.
Entry and exit load charge will be nil for the
scheme.
The units of the scheme will be listed on NSE in
order to provide liquidity.
Benchmark Index for the scheme is CRISIL Short
Term Bond Fund Index.
The fund manager of the
scheme is Mr. Rajeev Radhakrishnan.
No comments:
Post a Comment