SBI Debt Fund Series – 180 Days – 15 : NFO

by khalid on 05/02/2011 · 0 comments

SBI Mutual Fund has launched a New Fund Offer (NFO) named as SBI Debt Fund Series – 180 Days – 15, a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 4 February and close on 8 February 2011.

The objective of the scheme would be 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. SBI Mutual Fund (SBI MF) is one of the largest mutual funds in the country with an investor base of over 5.8 million.

The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Presently, two options are available under the scheme viz. Growth and dividend option. Maturity date of the scheme would be 180 days from the date of allotment of units.

Entry load charge as well as exit load charge will be nil for the scheme. The exit load is not applicable since the scheme will be listed on National Stock Exchange.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Benchmark Index for the scheme is CRISIL Liquid Fund Index.

Mr Parijat Agrawal will manage the fund.

Fund NameSBI Mutual Fund
Scheme NameSBI Debt Fund Series 180 Days - 15
Scheme CategoryClose Ended (Income)
NFO Launch Date4th Feb 2010
NFO Closure Date8th Feb 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000
and in multiples of Rs 10 thereafter.

For Further Details Please Visit Website :

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