Fixed Maturity Plan From SBI MF
State Bank of India has come with another new fund offer under a fixed maturity plan. The name of the scheme is SBI FMP – Series 20 (1109 Days). The scheme was opened for subscription on 9th October and will close for subscription on 14th October. The tenure of this scheme is 1109 days. The state bank’s 20th series scheme offers regular income over the long term.
It is a closed-ended debt scheme. The scheme is available in regular and direct plans along with growth and dividend options. The offer of units of Rs 10 per unit during the offer period. The fund will manage by Rajan Gupta.
Objects of the Issue
The objective of the scheme is to provide regular income and capital growth with a limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as government securities, public sector undertaking & corporate bonds and money market instruments maturing on or before the maturity of the scheme.
Entry and Exit charges do not apply to this scheme.
One will need to invest a minimum of Rs 5000 and in multiples of Re 1 thereafter.
SBI FMP – Series 20 Scheme Asset Allocation Pattern
|Instruments|| Indicative Allocations (% of total assets)
Minimum – Maximum
| Risk Profile
|Debt||60%||100%||Low to Medium|
|Money Market Securities||0%||40%||Low to Medium|
The scheme is suitable for investors who are seeking regular income over the long term. The performance of the scheme will be a benchmark to CRISIL Medium Term Debt Index.
The switch in and switch out options available. Investors can switch into the scheme from the existing schemes of SBI mutual fund house. But, it possible only during the NFO period. The switch out option is available only at the time of maturity of the scheme.
Disclaimer: This post is just about the scheme information. It does not offer any advice or investment tips to investors. MF investments are set to market risk. Please consult your financial adviser before invest.