Saturday, March 13, 2010 15:11 Hrs IST

SBI MF Unveils Debt Fund Series – 180 Days - 9

NFO Period from 15 March to 18 March 2010

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series (SDFS) – 180 Days – 9, a close ended debt scheme. The New Fund Offer (NFO) will be open for subscription from 15 March and close on 18 March 2010. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

The scheme offers growth and dividend payout option.

The scheme would allocate 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 assts.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

Entry and exit load charge for the plan will be nil. The plan will be listed on the National Stock Exchange of India Ltd. (NSE).