SBI Mutual Fund has filed offer document with Sebi to launch SBI Debt Fund Series - 90 Days Fund -69 to 80, 180 Days Fund - 26 to 28, 366 Days - 11 to 22, 18 Months Fund - 11, 21 Months Fund - 1, close ended income scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: To provide regular income, liquidity and returns 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.
Options: Growth and Dividend option. Dividend option will have the facility of Payout & Transfer.
SDFS - 90 Days would be benchmarked to CRISIL Liquid Fund Index
SDFS - 180 Days, SDFS - 366 Days, SDFS - 18 months and SDFS - 21 months, would be benchmarked to CRISIL Short Term Bond Fund Index.
Minimum Application Amount: Rs. 5,000/- and in multiples of Re. 1/- thereafter
Minimum Target Amount: Rs. 20 crore for each fund under the series.
For schemes with maturity more than 366 days
The schemes shall invest 60%-100% in debt (exposure to domestic securitized debt may be to the extent of 40% of the net assets) & money market securities. The scheme shall also invest up to 40% in government securities.
For schemes with maturity upto 366 days
The schemes shall invest upto 100% of assets in debt and money market securities.
Fund Manager: Mr. Rajeev Radhakrishnan