SBI
Mutual Fund has unveiled a new fund named as SBI Fixed Maturity Plan (FMP) -
Series 19 (1115 Days), a close-ended debt scheme. The tenure of the scheme is
1115 days from the date of allotment. The New Fund Offer (NFO) price for the
scheme is Rs 10 per unit. The new issue will be open for subscription from 30
September 2019 to 07 October 2019.
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.
The
scheme offers a regular and direct plan. Both the plans will have growth option
and dividend payout will be default facility.
The scheme will invest 60%-100% of assets in debt and invest up to 40% of assets in
money market securities with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20
crore under the scheme.
Entry
and exit load charge will be nil for the scheme.
Benchmark
Index for the scheme is CRISIL Medium Term Debt Index.
The fund manager of the scheme is Ranjana Gupta.
Capitalstars is a SEBI registered investment advisor. Schedule a call with Capitalstars investment consultant or drop a mail at backoffice@capiltalstars.in and we will get in touch with you. You may also call us on 9977499927
Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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