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SBI 18 Months Debt Fund Launches another Series


SBI Mutual Fund has launched an 18 Months fund under SBI Debt Fund Series. It will be available for subscription from October 18, 2007 to October 29, 2007. The fund would mainly invest in AAA/AA+ rated Debt Instruments, Government Securities and Money Market Instruments. The fund is offering Retail and Institutional plan with growth and dividend option. The minimum investment amount in the fund would be Rs. 50000 for the retail plan and Rs 5 lakh for the institutional plan. The investors will be charged an exit load of 2 per cent if redemption is made before maturity.