SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 48 (1458 Days), a close ended debt scheme. The NFO opens for subscription on July 30, 2021, and closes on August 03, 2021. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked to CRISIL Medium Term Debt index and its fund manager is Ranjana Gupta.
The investment objective of the scheme endeavours 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.