SBI MF introduces Long Duration Fund
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SBI Mutual Fund (MF) has launched SBI Long Duration Fund, an open-ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 Years with Relatively High interest rate risk and Moderate Credit Risk. The NFO opens for subscription on December 12, 2022 and closes on December 20, 2022. The Entry load is not applicable for the scheme. The Exit load will be 1%, if redeemed on or before 1 year from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereof.
The performance of the scheme will be benchmarked to the performance of CRISIL Long Duration Fund AIII Index and its fund managers are Rajeev Radhakrishnan and Mohit Jain.
The investment objective of the scheme is to generate returns by investing in debt and money market instruments such that the Macaulay duration of the scheme portfolio is greater than 7 years.
