SBI Mutual Fund launched SBI Debt Fund Series - 370 Days Fund-2. The investment objective is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments. SBI Debt Fund Series - 370 Days Fund-2 offers retail and institutional plans with two options i.e. growth and dividend. The minimum investment amount under retail investors is Rs 5000 and in multiples of Re 1 thereafter. The institutional investors will have to apply minimum amount of Rs 5 lakh and in multiples of Re 1 thereafter. The scheme will invest up to 0-80% in Government of India dated securities and treasury bills and money market instruments. The scheme may invest 20-100% in AAA/AA+ bonds/debt instruments. Investments in securitized debt shall be up to 20% of the exposure to AAA/AA+ Bonds
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