SBI AMC announces devolvement of proposed roll over of SBI Fixed Maturity Plan Series 3
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As per SEBI guidelines, maintaining the assets under management of at least Rs 20 Crore and requirement of minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the scheme,- are required to be filled during the rollover of close ended scheme,
SBI Asset Management Company (AMC) has announced that unit holders of SBI Fixed Maturity Plan (FMP)-Series 3 (1179 days) who have submitted their request for rollover (extension of maturity) under the scheme are informed that it has been decided to withdraw the rollover on account of the scheme not meeting the aforesaid SEBI guidelines. The AMC also affirmed that the maturity amount will be paid to the unitholders of the scheme within mandated timelines.
