SBI Mutual launches close-end debt scheme

SBI Funds Management Pvt Ltd has launched a close-end debt scheme under the SBI Debt Fund Series (SDFS), the fund house said on Monday. SDFS - 180 Days Fund will be available for subscription between August 14 and August 17. The fund will invest in a portfolio of debt, money market instruments and government securities. The fund will not charge any entry load but will impose an exit load of 0.50 per cent for redemption before maturity. The minimum investment in the fund will be 50,000 rupees.
The fund house had about 141 billion rupees worth of assets under management at the end of July, data from Association of Mutual Funds in India showed.

Tags: SBI Mutual fund, Debt fund, fund house, invest, portfolio, market instruments, government securities, entry load, exit load, Association of Mutual funds