SBI MF Launches New Scheme

SBI Mutual Fund has launched a 90 Days fund under SBI Debt Fund Series. It will be available for subscription from 11 October 2007 to 15 October 2007. The fund would mainly invest in AAA/AA+ rated Debt Instruments, Government Securities and Money Market Instruments. The fund is offering two investment options: Growth and Dividend. The minimum investment amount in the fund would be Rs. 50000.The investors will be charged an exit load of 1% if redemption is made before maturity.