SBI Mutual Fund files offer document for Dual Advantage Fund-Series XIII to XV

SBI MF has filed offer document with SEBI to introduce a closed-ended hybrid scheme, “SBI Dual Advantage Fund-Series XIII to XV”.

SBI MF has filed offer document with SEBI to introduce a closed-ended hybrid scheme, “SBI Dual Advantage Fund-Series XIII to XV”. The New Fund Offer price is Rs. 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme offers growth and Dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The schemes will be benchmarked against customized benchmark of 5% of Nifty + 95%-CRISIL Short Term Bond Fund Index for schemes with maturity greater than 12 months and less than or equal to 13 months, customized benchmark of 10% of Nifty + 90%-CRISIL Short Term Bond Fund Index for schemes with maturity greater than 13 months and less than or equal to 24 months and CRISIL MIP Blended Fund Index for schemes with maturity greater than 24 months. The minimum application amount is Rs. 5000 and in multiples of Re 1 thereafter.

The scheme’s investment objective 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.