SBI MF introduces FMP- Series 62 (191 Days)
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SBI Mutual Fund (MF) has launched SBI Fixed Maturity Plan (FMP)- Series 62 (191 Days), a close ended debt scheme with Relatively Low Interest rate Risk and Relatively High Credit Risk. The NFO opens and closes for subscription on March 29, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against NIFTY Low Duration 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.
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