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SBIMF Launches Another Debt Fund Series

SBI Mutual Fund has launched another Debt Fund Series with tenure of 180 days. The new fund offer will be open from August 24, 2006 to August 28, 2006. The minimum investment in this series would be Rs. 50,000 and in multiples of Rs. 1,000. It would offer growth and dividend option (dividend payout /dividend reinvestment ).The fund would not charge any entry load but an exit load of 0.50 per cent would be charged on exit before maturity date.