Wednesday, June 4, 2008

SBI MF Files An Offer Document - June 4, 2008

SBI Mutual Fund filed an offer document to launch SBI Debt Fund Series. It is a close-ended debt scheme. the investment 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 offers two plans: Retail Plan and Institutional Plan in all the funds having maturity of above one year Both plans have growth and dividend options. The scheme will invest up to 80 % of its portfolio in Government of India dated Securities and Treasury Bills and Money Market instruments with low risk. 20-100% in AAA/AA+ Bonds/Debt Instruments and up to 20 % of the exposure to AAA/AA+ Bonds in Securitized Debt with medium risk.

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