SBI Mutual Fund has launched the New Fund Offer (NFO) of SBI Dual Advantage Fund - Series III, a close ended income scheme. The NFO opens for subscription on May 29, 2014 and closes on Jun 12, 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 MIP Blended Fund Index and its fund managers are Rajeev Radhakrishnan and Richard Dsouza.
The investment objective of the scheme is to 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.
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