SBI Mutual Fund has launched the SBI Dual Advantage Fund-Series XIX, a close ended income scheme. The NFO opens for subscription on February 06, 2017 and closes on February 20, 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 MIP Blended Fund Index and its fund managers are Rajeev Radhakrishnan, and Ruchit Mehta.
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.