SBI MF is planning to launch SBI Debt Fund Series and it is a close-ended debt scheme. The scheme has retail and institutional plans in all the funds having maturity of above one year. The scheme offers growth option and dividend option.
The minimum application amount for fund having maturity of less than 1 year is Rs. 50,000 and in multiples of Rs 1000 thereafter. For funds having maturity of more than one year is Rs 50000 and in multiples of Rs 1000 thereafter for retail plan and under institutional plan, the minimum investment amount is Rs 5 lakh and in multiples of Rs 1000 thereafter. The objective of the scheme is to provide regular income, liquidity, and returns to the investors through investments in a portfolio comprising of debt instruments such as government securities, AAA/AA+ bonds and money market instruments.
The scheme will charge 0.25% an exit load under 30 days fund series, if investment units are redeemed before maturity date from the date of allotment. 90-Days Funds Series, 180 Days Fund Series will charge 1% whereas 13-Months Funds Series, 18-Months Funds Series will charge 2% exit load for redemptions before maturity period. The scheme will invest up to 100% in Government of India dated securities and treasury bills. It will have balanced investment in AAA/AA+ Bonds, money market instruments. Investment in securitised debt will be up to 20% of the exposure to AAA/AA+ Bonds, money market instruments. Benchmark Index: CRISIL Liquid Fund Index and CRISIL Composite Bond Index.
The minimum application amount for fund having maturity of less than 1 year is Rs. 50,000 and in multiples of Rs 1000 thereafter. For funds having maturity of more than one year is Rs 50000 and in multiples of Rs 1000 thereafter for retail plan and under institutional plan, the minimum investment amount is Rs 5 lakh and in multiples of Rs 1000 thereafter. The objective of the scheme is to provide regular income, liquidity, and returns to the investors through investments in a portfolio comprising of debt instruments such as government securities, AAA/AA+ bonds and money market instruments.
The scheme will charge 0.25% an exit load under 30 days fund series, if investment units are redeemed before maturity date from the date of allotment. 90-Days Funds Series, 180 Days Fund Series will charge 1% whereas 13-Months Funds Series, 18-Months Funds Series will charge 2% exit load for redemptions before maturity period. The scheme will invest up to 100% in Government of India dated securities and treasury bills. It will have balanced investment in AAA/AA+ Bonds, money market instruments. Investment in securitised debt will be up to 20% of the exposure to AAA/AA+ Bonds, money market instruments. Benchmark Index: CRISIL Liquid Fund Index and CRISIL Composite Bond Index.
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