SBI MF Launches New Scheme

SBI Mutual Fund has launched a new closed-ended debt scheme under SBI debt fund series (SDFS)-SBIMF-SDFS 180 Days Fund. The new fund offer period is from 24-25 April 2007. The minimum investment amount is Rs 50,000 and then in multiples of Rs 1000 thereafter. The scheme has both growth and dividend option with monthly dividend frequency (at the maturity on 22 October 2007). Being a closed ended debt scheme the scheme charges no entry load. However, it attracts an exit load of 0.50% for exit on any day except the specified redemption date.