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Mumbai, Oct. 5

SBI Mutual Fund has launched a 90-Days Fund under the SBI Debt Fund Series (SDFS), a close-ended debt scheme. The New Fund Offer (NFO) opens on October 6 and closes on October 9. The fund would invest in a portfolio of AAA/AA+ rated debt instruments, government paper and money market instruments. The minimum investment in the SDFS-90 Days Fund is Rs 50,000. The SDFS-90 Days Fund will have the following investment options: growth and dividend. An exit load of 0.50 per cent before the maturity date will be charged.

More Stories on : Debt Market | New Fund Offer | Mutual Funds

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