SBI MF introduces FMP-Series 50
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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 50 (1843 Days), a close ended debt scheme. The NFO opens for subscription on September 02, 2021, and closes on September 06, 2021. 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 such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
