SBI Mutual Fund has come out with a new debt fund called SBI Short Horizon Fund, offering two plans and eighteen investment options.
Name of Fund: SBI Short Horizon Fund
Scheme: Open-end, Income Scheme
Plans: Liquid Plus and Short Term Fund
Objective: The scheme aims to generate regular income with high degree of liquidity by investing in a portfolio comprising of money market instruments and debt securities which should not be rated below investment grade by a credit rating agency.
Liquid Plus: The fund would invest 65 to 100% in fixed income securities including money market instruments having maturity upto one year and 0 to 35 % in debt securities having maturity of more than an year.
Short Term: The fund would invest 65 to 100% in fixed income securities including debt derivatives and 0 to 35 % in money market instruments.
Fund Opens: July 19, 2007
Fund Closes: July 26, 2007
Face Value: Rs. 10
Liquid Plus: Retail and Institutional Plans with Growth, Dividend Daily, Dividend Weekly, Dividend Fortnightly and Dividend Monthly Options.
Short Term: Retail and Institutional Plans with Growth, Dividend Weekly, Dividend Fortnightly and Dividend Monthly Options.
Minimum Investment Amount: Rs.10,000 for Retail Plan and Rs.50,00,000 for Institutional Plan
Benchmark Index: Crisil Liquid Fund Index for Liquid Plus Fund and Crisil Short Term Bond Fund Index for Short Term Fund
Fund Manager: Parijat Agrawal