SBI Fixed Maturity Plan (FMP) – Series 19 (1115 Days)

SBI Fixed Maturity Plan (FMP) - Series 19 (1115 Days)

SBI New Fund Offer Launch On 30th Sep

SBI Mutual Fund Launches a new fund offer under the FMP. The name of the scheme is SBI Fixed Maturity Plan (FMP) – Series 19 (1115 Days). The opens for subscription on Monday on 30th Sep 2019. The stock exchange platform BSE has already released an allotment date of the SBIs NFO. The offer will list at the BSE Star MF platform. 

As of the source, the investments under the scheme would be made only in the securities which mature on or before the date of maturity. Moreover, the scheme has the flexibility to invest most of the securities in debt instruments and would seek to minimize interest rate risk while avoiding credit risk.

Basic Details of SBI Fixed Maturity Plan (FMP) –  Series 19 (1115 Days)

 NFO Name  SBI Fixed Maturity Plan – Series 19 (1115 Days)
 Fund House  SBI Mutual Fund 
Type  Closed-Ended Debt Scheme
 NFO Open Date  Sep 30, 2019 – Oct 7, 2019
 Listed At  BSE

The scheme is available in regular and direct plans long with growth and dividend payout options such as Regular growth, regular dividend payout, and direct dividend payout, Direct growth.

Minimum Investment

The investors will invest a minimum of Rs 5000 and in multiples of Re 1 thereafter. 

Redemption option not available to the scheme. It will allow only at the time of maturity of the scheme. Entry and Exit charge not applicable under SBI’s NFO.

Switch In – Switch Out

SBI NFO offers a choice for investors who previously invest in SBI Mutual Fund Schemes. Investors can switch into the Scheme from the existing Schemes of SBI Mutual Fund (subject to completion of the Lock-in Period, if any) during the New Fund Offer Period.

They can also switch out from the scheme only at the time of maturity.

Objects of the scheme

The primary objective of the NFO is to provide regular income and capital growth with limited interest rate risk to the investors via investments in a portfolio comprising of debt instruments such as Government securities, PSU and Corporate Bonds and Money Market Instruments maturing on or before the maturity of the schemes.

Asset Allocation Pattern 

 Instruments  Indicative Allocations (% of Total Assets )

Minimum-Maximum

 Risk Profile

High/Medium/Low

 Debt  60%  100%  Low to Medium
 Money Market Securities  0%  40%  Low to Medium

The issue is suitable for investors who are seeking regular income over the long-term. It invests primarily in debt and money market instruments that have government securities. 

The issue is the benchmark to Crisil Medium Term Debt Index. SBI’s new fund offer will manage by Mr. Ranjana Gupta.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are regulated to market risk. Please read the offer document carefully before investing.

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