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SBI Mutual Fund launches SDFS 13 Months Fund
SBI Debt Fund Series – 13 Months Fund will open for subscription on March 23, 2007 and would close on March 28, 2007. The scheme will have a minimum application of Rs 50,000 and in multiples of Rs 1000 per application. There is no entry load at the time of NFO. However, an exit load of 0.75 % will be applicable for exit before the maturity date. The SDFS – 13 Months fund would have Growth and Dividend Options. The dividend option would provide the facility of quarterly payout / reinvestment of dividend. Since, this scheme is covering two financial years, investors will have benefit of double indexation.

The Fund would invest in a portfolio of AAA/AA+ rated debt instruments, Government Securities, Treasury Bills and Money Market instruments at the same time seeking to match the residual maturity of the securities with the portfolio maturity of the Fund.