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Our Bureau

Mumbai , Sept. 4

SBI Mutual Fund has launched `SBI Debt Fund Series' -180 Days Fund, a close-ended debt scheme. The new fund offer would open on September 4 and close on September 5.

The fund would invest in a portfolio of AAA/AA+ rated debt instruments, Government securities and money market instruments at the same time seeking to match the residual maturity of the securities with the portfolio maturity of the fund. The minimum investment in the SDFS-180 days fund would be Rs 50,000 and in multiples of Rs 1,000 thereafter.

The SDFS-180 Days Fund would have growth and dividend options. An exit load of 0.50 per cent would be applicable for exit before the maturity date.

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SBI MF unveils debt fund series

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