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SBI Debt Fund Series Launches a 60 Day Plan

SBI Mutual Fund has launched a 60 Day Plan. It would be open for initial offer from October 27 to October 31, 2006.

The fund would invest in a portfolio of AAA/AA+ rated debt instruments, government securities and money market instruments seeking to match the residual maturity of the securities with the portfolio maturity of the fund. The minimum investment in the fund would be Rs 50,000. It would charge an exit load of 0.50 per cent for redemption before maturity date.