|SBI Mutual Fund Fixed Maturity Plan (FMP)-Series 91 (90 Days)
|– Launch Date: December 26, 2023
|– Last Day of Subscription: December 28, 2023
|– Category: Debt
|– Type: Close-ended
|– Benchmark: CRISIL Liquid Debt Index
|– Entry/Exit Load: None
|– Risk Level: Low to Medium
sbi mutual fund fixed maturity plan Objective:
sbi mutual fund fixed maturity plan: The scheme aims to provide regular income and potential capital growth by investing in a portfolio of debt instruments maturing on or before the scheme’s maturity date. It aims to minimize interest rate risk, though there is no guarantee of achieving this objective.
Investors can start with a minimum investment of Rs 5000 per plan/option, in multiples of Re 1. There is no upper limit for investment.
– Debt Instruments
– Money Market Instruments
– Government Securities
No redemption/repurchase of units is allowed before the scheme’s maturity. Redemption is permitted only on the maturity of the scheme. The scheme is proposed to be listed on the BSE within 5 business days from the date of allotment, allowing investors to trade on the exchange.
– Switch In: Investors can switch to the scheme from existing SBI Mutual Fund schemes during the New Fund Offer Period.
– Switch Out: Investors can switch out only at the time of maturity. However, a switch-out facility allows investors to switch the entire corpus on maturity to any open-ended scheme of SBIMF.
Switch Request Modification:
Investors opting for a switch-out at the time of investment can modify the switch-out option by submitting a written request 30 days in advance before the maturity date.
Note: All information provided here is based on available data and subject to market conditions.
SBI Mutual Fund Fixed Maturity Plan (FMP)-Series 91 (90 Days)
SBI Mutual Fund recently introduced its Fixed Maturity Plan (FMP)-Series 91 (90 Days) in the debt category, opening for subscription on December 26, 2023. The subscription window closes on December 28, 2023. Classified as a close-ended debt scheme, this plan offers investors an opportunity to capitalize on capital growth and income while maintaining a relatively low-interest rate risk and a comparatively higher credit risk.
The primary objective of the NFO SBI FMP-Series 91 (90 Days) is to furnish investors with regular income and potential capital growth while minimizing exposure to interest rate risks. The scheme achieves this by strategically investing in a diverse portfolio of debt instruments, all maturing on or before the scheme’s predetermined maturity date. It’s crucial to note that, despite the best efforts, there is no guarantee that the scheme will definitively achieve its investment objectives.
Minimum Investment and Benchmark:
Investors can partake in this scheme with a minimum investment of Rs 5000 per plan/option, and subsequent investments can be made in multiples of Re 1. There is no upper limit on investment. The benchmark for performance evaluation is set as the CRISIL Liquid Debt Index. Notably, the scheme imposes no entry or exit load, and its risk level is categorized as low to medium.
Redemption and Listing:
Redemption or repurchase of units before the scheme’s maturity is strictly prohibited. Investors can redeem their investments only upon the scheme’s maturity. Furthermore, the scheme is proposed to be listed on the BSE within 5 business days from the date of allotment, affording investors the option to trade on the exchange.
During the New Fund Offer Period, investors have the flexibility to switch to this scheme from existing SBI Mutual Fund schemes, subject to any applicable lock-in period. Conversely, switching out is permissible solely at the time of the scheme’s maturity. The scheme, however, provides a switch-out facility, allowing investors to transfer the entire corpus on maturity to any open-ended scheme of SBIMF.
Switch Request Modification:
In the event that an investor, having opted for a switch-out at the time of investment, wishes to alter this option, a written request must be submitted 30 days in advance before the maturity date.
Note: The information provided is based on available data as of the cutoff date and is subject to market conditions.