Oct 07, 2013 08:05 PM IST | Source: Moneycontrol.com

SBI Mutual Fund announces changes

SBI Mutual Fund announces changes in minimum new purchase amount, additional purchase amount and redemption amount, with effect from October 03, 2013.

SBI Mutual Fund announces changes

SBI Mutual Fund has announced change in minimum new purchase amount, additional purchase amount and redemption amount under the following schemes with effect from  October 03, 2013.

Accordingly, the revised provisions will be:

SBI Magnum Equity Fund, SBI Magnum Balanced Fund, SBI Arbitrage Opportunities Fund, SBI Bluechip Fund, SBI Magnum Multicap Fund, SBI Magnum Global Fund, SBI Magnum Multiplier Plus Scheme, SBI Magnum Comma Fund, SBI Contra Fund, SBI Emerging Businesses Fund, SBI FMCG Fund, SBI IT Fund, SBI Pharma Fund, SBI Nifty Index Fund, SBI Magnum Midcap Fund, SBI PSU Fund, SBI Infrastructure Fund, SBI Magnum Income Fund, SBI Magnum Income Fund - Floating Rate Plan - Saving Plus Bond Plan, SBI Magnum Income Fund - Floating Rate - LTP, SBI Regular Savings Fund, SBI EDGE Fund, SBI Magnum Children's Benefit Plan, SBI Magnum Monthly Income Plan, SBI Magnum Monthly Income Plan Floater, SBI Short Term Debt Fund, SBI Dynamic Bond Fund, SBI Magnum Gilt Fund - Long Term - Growth Option, SBI Magnum Gilt Fund - Long Term - Dividend Option, SBI Magnum Gilt Fund-Short Term - Growth Option, SBI Magnum Gilt Fund - Short Term - Dividend Option:

Revised minimum new purchase amount: Rs 50,000 and in multiples of Rs 1

Revised minimum additional purchase amount: Rs 10,000 and in multiples of Rs 1

Revised minimum redemption amount: Rs 10,000

Revised minimum redemption (in units): 10 units

SBI Premier Liquid Fund:

Revised minimum new purchase amount: Rs 5,000 and in multiples of Rs 1

Revised minimum additional purchase amount: Rs 1,000 and in multiples of Rs 1

Revised minimum redemption amount: Rs 1,000

Revised minimum redemption (in units): 100 units

SBI Magnum Insta Cash Fund - Liquid Floater Plan, SBI Magnum Insta Cash Fund - Cash Plan and SBI Ultra Short Term Debt Fund:

Revised minimum new purchase amount: Rs 5,000 and in multiples of Rs 1

Revised minimum additional purchase amount: Rs 1,000 and in multiples of Rs 1

Revised minimum redemption amount: Rs 1,000

Revised minimum redemption (in units): 1 unit

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