SBI MF Launches Short Horizon Fund

Mumbai: SBI Mutual Fund has unveiled SBI Short Horizon Fund, an open-ended income scheme with two options liquid plus fund and short-term fund. The fund has been rated 'AAAf' by Crisil. 0-35 per cent will be infused in debt securities with maturity more than one year, including derivatives, and up to 20 per cent of the investment in debt securities in securitised debt. The short-term fund will generate regular income where 65-100 per cent of the portfolio will be invested in debt securities including derivatives, of which, up to 50 per cent will be invested in securitised debt. The short-term fund will be benchmarked against the Crisil Short Term Bond Fund Index. The new fund offer opened on July 19 and closes on July 26.