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Monday, March 09, 2009

SBI MF unveils 13 Months Debt Fund

NFO period from 09 March -12 March 2009

Name of Fund: SBI Debt Fund Series – 13 Months Fund -9

Scheme: It is a close-ended debt scheme.

Fund Opens: 09 March 2009

Fund closes: 12 March 2009

Face Value: Rs 10

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, AAA/AA+ Bonds and Money Market Instruments.

Investment option: The debt fund will offer regular and institutional plans with two options i.e. growth and dividend. Dividend payout facility will be available under dividend option.

Asset Allocation: The scheme will invest up to 0-80% in Government of India dated securities and treasury bills and money market instruments. The scheme may invest 20-100% in AAA/AA+ Bonds/Debt Instruments. Investments in securitized debt shall be up to 20% of the exposure to AAA/AA+ Bonds.

Entry Load: The will not ask entry load.

Exit Load: Since the Scheme will be listed on Stock Exchange there will not be any exit load.

Minimum investment amount: The minimum investment amount under regular plan is Rs 5000 and in multiples of Re 1 thereafter and under that of under institutional plan is Rs 5 lakh and in multiples of Re 1 thereafter.

Benchmark Index: The 13 months debt fund would be benchmarked to CRISIL Short Term Bond Fund Index.

Fund Manager: Parijat Agrawal will manage the investments under 13 months debt fund.

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