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SBI MF Launches 90-Day FMP

SBI Mutual Fund has launched a 90-day fixed maturity plan under the SBI Debt Fund Series. The fund would be available for subscription on May 29 and 30, 2006.

The minimum investment amount is Rs 10,000 and thereafter in multiples of Rs 1,000. An exit load of 0.5 per cent would be charged for redemption on any day other than the specified redemption date.