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SBI MF introduces FMP-Series 58 (1842 Days)
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SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 58 (1842 Days), a close ended debt scheme with relatively High Interest rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on December 30, 2021 and closes on January 04, 2022. 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 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.
