SBI Mutual Fund has launched the New Fund Offer (NFO) of SBI DEBT FUND SERIES - 366 DAYS - 12, a close ended income scheme.
The NFO opens for subscription on August 17, 2012 and closes on August 21, 2012.
The minimum subscription amount is Rs. 5000.
The scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Rajeev Radhakrishnan.
The investment objective of the scheme is 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.