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SBI 90 Days Debt Fund Launches another Series

SBI Mutual Fund has launched a 90 Days fund under SBI Debt Fund Series. It will be available for subscription from November 22, 2007 to November 26, 2007. The fund would mainly invest in AAA/AA+ rated Debt Instruments, Government Securities and Money Market Instruments. The fund is offering two investment options: Growth and Dividend. The minimum investment amount in the fund would be Rs 50000.The investors will be charged an exit load of 1 per cent if redemption is made before maturity.