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Tuesday, October 21, 2014

SBI Inflation Indexed Bond Fund Floats On

NFO period is from 17 October to 31 October 2014 

SBI Mutual Fund has unveiled a new fund named as SBI Inflation Indexed Bond Fund, an open 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 17 October and close on 31 October 2014. 

The investment objective of the scheme is to generate capital appreciation and income through investment in inflation indexed Securities. 

The scheme offers regular plan and direct plan. 

The scheme shall invest 70%-100% in inflation indexed securities and invest upto 30% in debt & money market instrument / units of debt & liquid mutual funds with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load: Not applicable. 

Exit load: For exit within 1 year from the date of allotment, the exit load will be 1% and for exit after 1 year from the date of allotment, the exit load will be Nil. 

Benchmark Index for the scheme is I-Sec Composite Index. 

The fund manager of the scheme is Dinesh Ahuja. 
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