SBI Mutual Fund , one of the leading mutual funds in the country, is launching 90 Days Fund under SBI Debt Fund Series (SDFS), a close-ended debt scheme. The fund would invest in a portfolio of AAA/AA+ rated debt instruments, Government Securities, Securitized Debt and Money Market Instruments.
The New Fund Offer would be open for subscription from the opening of business hours on September 7, 2007 to the close of business hours on September 11, 2007. The minimum investment in the fund would be Rs 50000 and in multiples of Rs 1000 thereafter. SDFS 90 Days Fund would have the following options: Growth and Dividend.
There is no entry load for the fund but an exit load of 1 percent will be charged for exit before the maturity date. SBI Debt Fund Series is also rated 'P1+f' by Crisil .
