SBI Mutual Fund has launched a new 60 days fund under its Debt Fund Series. The NFO will be open for 2 days i.e on September 25 and September 26, 2006.
The scheme would invest in AAA/AA+ rated debt instruments, government securities and money market instruments in line with the duration of the plan. The fund would offer Dividend and Growth Options.
The minimum subscription amount in the plan is Rs. 50,000. The fund would not charge any entry load but an exit load of 0.50 per cent would be charged if investment is redeemed before maturity date.