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News SBI Mutual Fund launches SBI Long Duration Fund
Dec 12, 2022
Mutual Fund
SBI Mutual Fund launches SBI Long Duration Fund
NFO period: 12th December - 20th December, 2022
Highlights of the NFO:
- Scheme type - An open-ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 Years. A Relatively High interest rate risk and Moderate Credit Risk
- Investment objective - The investment objective of the scheme is to generate returns by investing in debt and money market instruments such that the Macaulay duration of the scheme portfolio is greater than 7 years. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Product suitability - The product is suitable for investors who are seeking regular income generation for long term by investing predominantly in debt and money market instruments.
- Minimum Application Amount - First investment is Rs.5000/- and in multiples of Rs.1/- thereafter
- Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum capital withdrawal (IDCW) Option.
- Fund Manager - Mr. Rajeev Radhakrishnan and Mr. Mohit Jain
- Benchmark - CRISIL Long Duration Fund AIII Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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