SBI MF introduces FMP-Series 56 (1232 Days)
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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 56 (1232 Days), a close ended debt scheme with relatively High Interest rate Risk and a Relatively Low Credit Risk. The NFO opens for subscription on December 06, 2021 and closes on December 15, 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 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 maturing on or before the maturity of the scheme.
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