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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)- Series 59 (1618 Days), a close ended debt scheme with relatively High Interest rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on January 27, 2022 and closes on January 28, 2022. 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 against CRISIL Medium to Long 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 maturing on or before the maturity of the scheme.