SBI AMC announces uniformity in benchmarks of debt oriented mutual fund schemes
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SBI Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) cum Common Application Form of all the Scheme(s) of SBI Mutual Fund.
SBI Funds Management informed that in accordance with clause 1.9 of SEBI Master Circular dated May 19, 2023, and AMFI’s recent communication pertaining to uniformity in benchmarks for debt oriented Mutual fund schemes, benchmark of ‘SBI Liquid Fund’ has been revised from existing ‘Nifty Liquid index B-I to ‘Nifty Liquid index A I’; benchmark of ‘SBI Savings Fund’ has been revised from existing ‘Crisil Money Market B-I Index’ to ‘Crisil Money Market A-I index’; benchmark of ‘SBI Magnum Ultra Short Duration Fund’ has been revised from existing ‘Crisil Ultra Short Duration Debt B-I Index’ to ‘Crisil Ultra Short Duration Debt A-I index’; benchmark of ‘SBI Magnum Low Duration Fund’ has been revised from existing ‘Crisil Low Duration Debt B-I Index’ to ‘Crisil Low Duration Debt A-I index’; benchmark of ‘SBI Corporate Bond Fund’ has been revised from existing ‘NIFTY Corporate Bond Index B-III ’ to ‘NIFTY Corporate Bond Index A-II’; benchmark of ‘SBI Magnum Medium Duration Fund’ has been revised from existing ‘NIFTY Medium Duration Debt Index C-III ’ to ‘NIFTY Medium Duration Debt Index A-III’ ; benchmark of ‘SBI Magnum Income Fund’ has been revised from existing ‘Crisil Medium to Long Duration Debt B-III Index’ to ‘Crisil Medium to Long Duration Debt A-III Index'; benchmark of ‘SBI Credit Risk Fund’ has been revised from existing ‘ Nifty Credit Risk Bond Index C-II’ to ‘Nifty Credit Risk Bond Index B-II‘; benchmark of ‘SBI Floating Rate Debt Fund’ has been revised from existing ‘ Nifty Short Duration Debt Index’ to ‘Nifty Short Duration Debt Index A-II’; benchmark of ‘SBI Banking & PSU Fund’ has been revised from existing ‘Nifty Banking & PSU Debt Index’ to ‘Nifty Banking & PSU Debt Index A-II’. This will be with effect from March 12, 2024.
All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the Scheme Information Documents/ Key Information Memorandums of the Scheme(s) of the Fund as amended from time to time.
