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Launch of 13 Months Debt Fund by SBI Mutual

SBI Mutual Fund has launched a 13 Months fund under SBI Debt Fund Series. It will be available for subscription between 23-28 March, 2007. The fund would mainly invest in AAA/AA+ rated, Government, Call and Money Market securities.

The fund is offering two investment options: Growth and Dividend. The minimum investment amount in the fund would be Rs 50000.The investors will be charged an exit load of 0.75 per cent if redemption is made before maturity.