SBI MF introduces Debt Fund Series A - 27 (366 Days)

SBI Mutual Fund has launched the New Fund Offer (NFO) of SBI Debt Fund Series A - 27 (366 Days), a close ended income scheme. The NFO opens for subscription on May 23, 2014 and closes on May 27, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The scheme’s performance will be benchmarked against Crisil Liquid Fund Index and its fund manager is Rajeev Radhakrishnan. The investment objective of the scheme is to provide regular returns and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.