Mutual Fund News : SBI MF introduces Fixed Maturity Plan (FMP)-Series 21 (1109 Days)

Publish Date:

SBI Mutual Fund has launched a close ended debt scheme - SBI Fixed Maturity Plan (FMP)-Series 21 (1109 Days).

The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk 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’s performance will be benchmarked against CRISIL Medium Term Debt Index and its fund manager is Ranjana Gupta.

The NFO opens for subscription on October 17, 2019 and closes on October 21, 2019.

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