SBI Mutual Fund introduces FMP Series 42
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SBI Mutual Fund (MF) has launched the SBI FMP Series 42 (1857 Days), a close ended debt scheme. The NFO opens for subscription on March 25, 2021, and closes on March 26, 2021. The Entry load and the 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 shall 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 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.
