Mumbai: SBI Funds Management Pvt Ltd on Monday launched a five-year close-end fund that would attempt to protect investors' capital by investing majority of the assets in high quality debt instruments.
SBI Capital Protection Oriented Fund Series-1, open for subscription till November 23, would invest at least 73 per cent of the assets in debt securities and money market instruments and the rest in equities, the fund house said.
India's existing capital protection-oriented funds have risen about 6 per cent on an average in three-month to October 3, data from global fund tracker Lipper showed.
SBI mutual fund managed assets worth about Rs 23700 crore at the end of September, data from the Association of Mutual Funds in India showed.
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