SBI Mutual Fund has unveiled a new fund named as SBI Fixed Maturity Plan (FMP) – Series 13 (1108 Days), a close ended debt scheme. The tenure of the scheme is 1108 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 16 July 2019 to 22 July 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 will invest 60%-100% of assets in debt and invest upto 40% of assets in money market securities with low to medium risk profile.
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