SBI Mutual Fund: In the debt category, SBI Mutual Fund (SBI MF), an asset management company, has introduced a fixed income plan. The SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days) NFO is still accepting subscriptions as of December 28, 2023. This debt plan is closed ended. Investors who wish to see both income and capital growth over the course of the scheme should consider this one. Additionally, it is intended for investors who wish to put money into government securities, debt, or money market instruments.
Accessible Investment Minimums
With this SBI MF scheme, an investor can begin with a minimum investment of Rs 5,000 and can subsequently invest any amount in multiples of Re 1. The CRISIL Liquid Debt Index will serve as the scheme’s benchmark. The scheme does not have an entry or exit load. This scheme falls into the low to medium risk category.
Aims to minimize the impact of interest rate risk
Offering regular income and potential capital growth to investors is the primary goal of this SBI MF scheme. It is also necessary to minimise the impact of interest rate risk. Debt securities will be the scheme’s investment.
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