SBI Mutual Fund's new fund offer (NFO) promising regular income on a minimum investment of Rs 5000 will open on Monday July 4, 2011.

NFO: SBI Debt Fund Series-90 Days-46

The SBI Debt Fund Series-90 Days-46, would invest in portfolio comprising debt instruments like government securities, PSU and corporate bonds and money market instruments.

 The objective of the scheme is to provide regular income, liquidity and returns to the investor by investing in debt and money market instruments and Government Securities with the same tenure i.e. the instruments maturing on or before the maturity date of the respective scheme.

 The fund will allot up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

The minimum investment in the fund would be Rs 5,000. The NFO would close on July 7, SBI MF said in statement.

Since it is a close ended debt scheme, no repurchase or redemptions of units would be allowed before the maturity of the scheme (before 90 days). The fund would be listed on the Bombay Stock Exchange

Basic Details:
NFO Opens: July 4, 2011    NFO Closes: July 7, 2011    NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange   Benchmark: CRISIL Liquid Fund Index
Options: Dividend and Growth   Exit Load: Nil
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter

Click on the following links to download:

• KIM and Application Form
   
• SDFS Product Brochure