MUTUAL FUNDS
SBI Mutual Fund files offer document for Fixed Maturity Plan (FMP) - Series 31 to 40
Dec-05-2019

SBI Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ' SBI Fixed Maturity Plan (FMP) - Series 31 to 40 '. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme for schemes with term to maturity upto 91 days will be benchmarked against Crisil Liquid Fund Index; for schemes with term to maturity between 92 days to 36 Months will be benchmarked against Crisil Short Term Bond Fund Index; for schemes with term to maturity more than 36 Months and upto 60 months will be benchmarked against CRISIL Medium Term Debt index; for schemes with term to maturity more than 60 Months and upto 96 months will be benchmarked against CRISIL Medium to Long Term Debt index, for schemes with term to maturity above 96 months will be benchmarked against CRISIL Long Term Debt Index.The minimum application amount for initial purchase is Rs 5000 and  in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk 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.

  RELATED NEWS >>