SBI FMP-Series 41-1498D Fund Details
SBI Mutual fund has planned to launch a fixed maturity plan on 22nd March 20201. It is a closed-ended debt scheme. Further, SBI FMP-Series 41 fund will close for subscription on 26th March 2021.
Besides, the scheme available in direct and regular plans along with growth and dividend options.
As per the SID, the scheme remains suitable for investors who are seeking regular income over the long term. Moreover, investors understand that their investment principal will be at moderate risk, as of Risk-o-meter.
Further, the tenure of the SBI FMP scheme is 1498 days. It means the scheme will mature in 1498 days.
Basic Details of FMP:
| FMP Name | SBI FMP – Series 41 – 1498 days |
| Subscription Period | March 22, 2021 – March 26, 2021 |
| NFO Type | Closed-Ended Debt scheme |
| Benchmark | CRISIL Medium Term Debt Index |
| Fund Manager | Mr. Ranjana Gupta |
Investment Objective:
The SBI MF new scheme endeavours 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.
Minimum Investment:
The investors who want to invest in this scheme could purchase initially about Rs. 5,000/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches.
Further, Entry and Exit load will not apply to the scheme.
Asset Allocation Pattern:
| Instruments | Indicative allocations (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Debt | 70 | 100 | Low to Medium |
| Money Market Securities | 0 | 30 | Low to Medium |
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.