SBI Mutual Fund (MF) has launched SBI CRISIL IBX SDL Index - September 2027 Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX SDL Index - September 2027 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on September 26, 2022 and closes on October 03, 2022. The Entry load is not applicable for the scheme. The Exit load will be 0.15%, if redeemed on or before 30 days from the date of allotment and nil after 30 days from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.
The performance of the scheme would be benchmarked against CRISIL IBX SDL Index - September 2027 and its fund manager is Dinesh Ahuja.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.