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SBI launches SBI Debt Fund Series and changes load structure

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SBI Mutual Fund announced the NFO of SBI Debt Fund Series A-5. The scheme will open for subscription on February 18, 2014 and close on February 20, 2014.

The fund house also revised the exit load of SBI Magnum Monthly Income Plan, SBI Magnum Monthly Income Plan Floater, SBI Magnum Income Fund and SBI dynamic Bond Fund to NIL for 10 per cent of investment and 1 per cent for the remaining investment, for redemption within 1 year. Earlier it was 1 per cent for redemption within 1 year.

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The change will be effective from February 13, 2014.

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