SBI MF Unleashes 60 Days Debt Fund Series

SBI Mutual Fund rolled out a 60 days fund under SBI debt fund series (SDFS), a close-ended debt scheme. The news fund offer (NFO) opens from 3 April 2007 and closes on same day that is 3 April 2007. The fund aims to invest in a portfolio of AAA/AA rated debt instruments, government securities, and call and money market instruments in line with the maturity of the scheme. The minimum investment in the SDFS-60 days fund would be Rs 50,000 and in multiples of Rs 1,000 thereafter. The SDFS-60 days fund a part of the SBI debt fund series, aims at providing regular income liquidity and returns to the investors through in a portfolio comprising of debt instruments asset allocation: government securities.