SBI Mutual Fund has launched the SBI Debt Fund Series B-47 (365 Days), an open ended income scheme. The NFO opens for subscription on February 27, 2017 and closes on March 06, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income 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.