SBI Mutual Fund has approved the following changes under the Dividend payout facility of SBI Short Horizon Debt Fund - Ultra Short Term Fund - Monthly Dividend Option and SBI Short Horizon Debt Fund - Short Term Fund - Fortnightly & Monthly Dividend Option, with effect from 25 July 2012.
Accordingly, Dividend Payout facility will be available irrespective of amount of investment.
SBI Short Horizon Debt Fund - Ultra Short Term Fund has the investment objective to provide Investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of money market instruments with maturity / residual maturity up to one year and debt instruments which are rated not below investment grade by a credit rating agency.
SBI Short Horizon Debt Fund - Short Term Fund has the investment objective is to provide investors with an opportunity to generate regular income through investments in a portfolio comprising of debt instruments which are rated not below investment grade by credit rating agency and money market instruments.