SBI Mutual Fund (MF) has launched the SBI Fixed Maturity Plan (FMP)-Series 21 (1109 Days), a close ended debt scheme. The NFO opens for subscription on October 17, 2019 and closes on October 21, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Medium Term Debt Index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.