SBI MF files offer document for Dual Advantage Fund - Series IV to VI

SBI Mutual Fund has filed offer document with SEBI to launch a close ended hybrid Scheme named as “SBI Dual Advantage Fund - Series IV to VI”. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The Minimum Target Amount of Rs 20 crore. The scheme will be benchmarked against Crisil MIP Blended Fund Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The investment objective of the scheme is to o generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in Equity and equity related instruments.