SBI MF introduces Debt Fund Series - 90 Days Fund - 34
Time - 08/09/2010 : 12:19
SBI Mutual Fund has opened the New Fund Offer (NFO) SBI Debt Fund Series - 90 Days Fund - 34, a close-ended debt scheme.
The NFO opens for subscription on September 8, 2010 and closes on September 14, 2010. The scheme offers two options viz. growth and dividend payout option. The tenure of the scheme has been fixed as 90 days from the date of allotment.
The minimum application amount will be Rs 5,000 and in multiples of Rs 10 thereafter.
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, PSU and corporate bonds and money market instruments maturing on or before the maturity of the scheme.
