SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days) NFO: Key details you need to know

27 Dec 2023 , 11:14 AM

SBI Mutual Fund is launching NFO under its “FMP category”, named as SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days). The investment objective of the scheme is to generate income with capital growth over the tenor of the scheme.

Investment strategy: The Scheme is an actively managed Close-ended Debt Scheme and the objective is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of mix of fixed income securities maturing on or before the maturity of the scheme.

Asset allocation: The corpus of the Scheme will be invested in debt, money market securities and government securities with a relatively low interest rate risk and relatively high credit risk securities.

Who should invest?

Investors with low to moderate risk appetite and want to invest for short period to diversify their portfolio in debt and money market instruments should invest in SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days).

Risk associated: Low to moderate level of risk.

Benchmark: Crisil Liquid Debt Index.

Fund Managers: Ms. Ranjana Gupta

The NFO is available for subscription from December 26 to December 28. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days).