SBI Mutual Fund has launched another 60 Days Plan. The fund's initial offer period would be just one day i.e on 26th December 2006.
The fund would invest in a portfolio of AAA/AA+ rated debt instruments, government securities and call & 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. The fund is offering two investment options; Growth and Dividend.