SBI FMP NFO May Offer Hight Returns To Investors
SBI mutual fund launches 25th series FMP NFO on 21st November. The new fund offer will close for subscription on 26th November. It is a closed-ended debt scheme. The scheme aims to invest in debt and money market instruments. SBI FMP – Series 25 scheme will open under direct and regular plans.
NFO will mature during the close-ended period. The tenure of the scheme is 1120 days.
The benchmark will be against CRISIL Medium Term Debt Index. There will not be any entry or exit load under the SBI FMP.
Basic Details Of SBI FMP – Series 25
| NFO Name | SBI Fixed Maturity Plan Series 25 (1120 Days) |
| Fund House | SBI Mutual Fund |
| NFO Period | Nov 21, 2019 – Nov 26, 2019 |
| Benchmark | CRISIL Medium Term Debt Index |
Objects Of The Issue
The NFO tries to offer fixed income and wealth extension through makes investments in debt securities. Public sector undertaking stocks, corporate bonds are considered under debt instruments. It also invests a minimum of assets in money market instruments.
Minimum Investment
As per SID, invest a minimum amount should be Rs 5000 and in multiples of Re 1 thereafter.
SBI FMP plan offers to hold units in the Demat account. Moreover, the should not reopen for repurchase and will directly list on mainboard stock exchange platforms.
According to the report, SBI is not responsible for any loss related to the scheme. Note that, it does not intimate the quality of the scheme, future announcements or returns.
Investment Pattern
| Securities | Minimum Assets | Maximum Assets | Risk Profile |
| Debt Instruments | 60% | 100% | Low to Medium |
| MM Instruments | 0% | 40% | Low to Medium |
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.