SBI Mutual Fund has unveiled a new fund named as SBI Fixed Maturity Plan (FMP) – Series 16 (1116 Days), a close ended debt scheme. The tenure of the scheme is 1116 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 13 August 2019 to 19 August 2019.
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