SBI Mutual Fund Rolls Out SDFS-15M

SBI Mutual Fund has introduced its close-ended debt scheme, SBI debt fund series-15 months fund. The new fund offering (NFO) would open on 9 February 2007 and close 19 February 2007.
The investment objective of the scheme would be to provide regular income, liquidity and return to investors through investment in a portfolio comprising debt instruments. The fund would invest in a portfolio of high quality instruments like government securities, treasury bills, AAA/AA+ securities and money market instruments. The SDFS 15 months fund would have growth and dividend options. The scheme will have a minimum application amount of Rs 50,000 and in multiples of Rs 1,000 an application. There is no entry load during the NFO period. However, an exit load of 0.75% will be applicable for exit before the maturity date.