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Our Bureau

Mumbai , Aug. 23

SBI Mutual Fund will launch `SBI Debt Fund Series' (SDFS), a 90 days fund, an official statement said.

The new fund offer will be open from August 24 and close on August 28.

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-90 days fund would be Rs 50,000 and in multiples of Rs 1,000 thereafter. The SDFS-90 days fund will be available in growth and dividend options.

An exit load of 0.50 per cent would be applicable before the maturity period.

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SBI Mutual to launch debt fund series

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