SBI Mutual Fund launches SBI Fixed Maturity Plan Series 16: 1116 Days
SBI Mutual Fund launches SBI Fixed Maturity Plan Series 16: 1116 Days
Aug 13, 2019 by News Team
NFO period: 13th August – 19th August, 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.