SBI MF launches new debt fund

The objective of the scheme is to provide regular income, liquidity, and returns to the investors through investment in a portfolio comprising of debt instruments.

Asset Allocation: The fund will invest 0%-100% in Government of India dated securities and treasury bills. The investment in securitised debt will be up to 20% of the exposure to AAA/AA+ bonds, call & money market instruments.

Fund Opens: 7 December 2007

Fund Closes: 13 December 2007

Face Value: Rs 10

Investment Options: SBI Debt Fund Series – 13 months offers two plans i.e. retail and institutional. Both plans offer sub options of growth and dividend. The dividend option further offers dividend payout facility.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 2.00%, if the investment is redeemed before the maturity period. Whereas there will be no exit load charged on the redemption made on or after the maturity period.

Minimum Investment Amount: The minimum investment amount under the retail plan would be Rs 50,000 and in multiples of Rs 1000 per application. The minimum investment amount under the institutional plan would be Rs 5 lakh and in multiples of Rs 1000 per application.