SBI Mutual Fund launches SBI Fixed Maturity Plan Series 24: 1107 Days
Nov 15, 2019 by News Team
NFO period: 14th November – 20th November, 2019
Highlights of the NFO:
- Scheme type – A Close-ended Debt Scheme
- Investment objective – The scheme endeavours 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. There is no assurance or guarantee that the scheme’s objective will be achieved.
- Product suitability – The product is suitable for investors who are seeking regular income over long term by investing in Debt/Money Market Instrument/Govt. Securities.
- Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Direct Plan and Regular Plan having Growth and Dividend option.
- Fund Manager – Ms. Ranjana Gupta
- Benchmark – CRISIL Medium Term Debt index
- Maturity – 1107 days from the date of allotment
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)