The Hindu Business Line : SBI MF unveils Short Horizon Fund

Mumbai, July 20 SBI Mutual Fund has launched SBI Short Horizon Fund, an open-ended income scheme with two options — liquid plus fund and short-term fund. The fund has been rated ‘AAAf’ by Crisil.

The liquid plus fund aims to generate regular income with high degree of liquidity through a portfolio where 65-100 per cent of the fund corpus will be in money market instruments and debt securities with maturity up to one year including derivatives. 0-35 per cent will be invested in debt securities with maturity more than one year, including derivatives, and up to 20 per cent of the investment in debt securities in securitised debt.

The liquid plus fund would be benchmarked against the Crisil Liquid Fund Index.

The short-term fund will generate regular income where 65-100 per cent of the portfolio will be invested in debt securities including derivatives, of which, up to 50 per cent will be invested in securitised debt. The fund will also invest up to 0-35 per cent in money market instruments.

The short-term fund will be benchmarked against the Crisil Short Term Bond Fund Index.

Mr Parijat Agrawal will be the fund manager for both the options of the fund.

The new fund offer opened on July 19 and closes on July 26. Both funds will have retail and institutional plans. The minimum investment limit is Rs 10,000 and the fund offers dividend and growth options.

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