To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of money market instruments with maturity / residual maturity up to one year and debt instruments which are related not below investment grade by a credit rating agency.
As per Sebi circular dated September 13, 2012, pertaining to single plan structure for Mutual Fund schemes, the AMC has decided not to accept any fresh /additional purchases/switch-ins under SBI Short Horizon Debt Fund - Ultra Short Term Bond Fund - Institutional Plan w.e.f. October 1, 2012. SBI Mutual Fund has change the face value per unit of all the plans/ options under SBI Short Horizon Debt Fund-Ultra Short Term from Rs 10 per unit to Rs 1000 per unit with effect from 13 January 2012. SBI Short Horizon Fund - Liquid Plus Fund renamed as SBI Short Horizon Fund - Ultra Short Term Bond Fund, with effect from February 16, 2009.
Exit Load -0.10% if investment is redeemed within 3 business days from the date of allotment.