SBI MF introduces FMP - Series 91 (90 Days)
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SBI Mutual Fund (MF) has launched SBI Fixed Maturity Plan (FMP) - Series 91 (90 Days), a close ended debt scheme with Relatively Low Interest Rate Risk and Relatively High Credit Risk. The NFO opens for subscription on December 26, 2023 and closes on December 28, 2023. The Entry load is and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked against Crisil Liquid 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 maturing on or before the maturity of the scheme.
