SBI FMP – 43 – 1616 days scheme details

SBI FMP - 43 - 1616 days scheme details

SBI FMP – 43 – 1616 days scheme details

SBI Mutual Fund launches a fixed maturity plan on 27th April 2021. The tenure of the scheme remains fixed at 1616 days. The SBI FMP -43 scheme subscription process will close on 28th April 2021.

Further, SBI’s FMP series 43 scheme offers direct and regular plans along with the Growth and IDCW option.

It is a closed-ended debt FMP scheme. During the NFO period, the offer of units of Rs. 10/- per unit.

Basic Details of NFO:

 NFO  Name  SBI FMP – 43 – 1616 Days
 Subscription Period  April 27, 2021 – April 28, 2021
 NFO Type  Close-Ended Debt scheme
 Benchmark  CRISIL Medium Term Debt Index
 Fund Manager  Ranjana Gupta

Investment Objective:

The scheme tries to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds, and Money Market Instruments maturing on or before the maturity of the scheme.

Minimum Investment:

Also, during the subscription period, the minimum application amount is Rs. 5,000/- and in multiples of Re.1/- thereafter.

Further, under the FMP, entry and exit load structures not applicable.

Asset Allocation Pattern:

 Instruments  Indicative allocations (% of total assets)  Risk Profile
 Minimum  Maximum
 Debt  70  100  Low to Medium
 Money Market Securities  0  30  Low to Medium

The performance of the scheme will manage by Ms. Ranjana Gupta, Fund Manager at SBI Mutual Fund. Moreover, CRISIL Medium Term Debt Index plays as a benchmark index to SBI MF’s new FMP.

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.

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