SBI MF introduces FMP-Series 47 (1434 Days)
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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 47 (1434 Days), a close ended debt scheme. The NFO opens for subscription on July 19, 2021 and closes on July 22, 2021. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Medium Term Debt index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is 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.
