SBI FMP Series 16(1116 Days): NFO Period from 13th Aug-19th Aug

SBI FMP Series 16(1116 Days)

SBI MF Launches New NFO Under Fixed Maturity Plan

SBI Mutual Fund trustee company has launched its 16th series of new fund offers. The name of the NFO is SBI FMP Series 16(1116 Days). The scheme has scheduled for subscription on 13th August this year. It will close on 19th August 2019. It is a close-ended debt scheme.

Invest a minimum of Rs 5000 and in multiples of Re.1 thereafter. The Additional purchase amount and repurchase amount is not needed for this scheme. The Scheme offers a tenure of 1116 days with moderate risk.

The scheme does not offer on a continuous base, and there would not be any entry load and exit load.  It offers direct and regular plans with dividend and growth options.

The objective of the scheme:

The primary objective of the scheme to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments like Government securities, PSU and Corporate bonds and money market instruments maturing on or before the maturity of the scheme.

SBI FMP Series 16(1116 Days) 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 SBI FMP Series 16(1116 Days) NFO performance will be the benchmark against Crisil Medium Term Debt Index. The fund will manage by Ms. Ranjana Gupta.

SBI Mutual Fund is a sponsored fund house with its corporate headquarters in Mumbai, India. It is a commercial enterprise undertaken jointly by state bank of India, an Indian multinational, public sector banking and financial services company. SBI became the first Non-UTI Mutual Fund in India. Assets under management of SBI Mutual Funds have valued at Rs. 2,33,114 crores in 2018.

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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