SBI MF introduces FMP-Series 49 (1823 Days)
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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 49 (1823 Days), a close ended debt scheme. The NFO opens for subscription on August 18, 2021, and closes on August 23, 2021. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re1 thereafter.
The scheme would be benchmarked to the CRISIL Medium to Long 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.
