SBI MF introduces FMP-Series 53 (1839 Days)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 53 (1839 Days), a close ended debt scheme. The NFO opens for subscription on October 19, 2021 and closes on October 20, 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 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 is to 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.
