NFO Alert: SBI Mutual Fund launches SBI Fixed Maturity Plan; all you need to know
portfolio of debt instruments that mature on or before the scheme’s maturity date. It’s important to note that there is no guarantee of achieving the investment objective of the scheme. Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1.
There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumDebt & Money Market InstrumentsUp to 100%Low to MediumDebt & Money Market Instruments To date, many asset management companies (AMCs) have launched such fixed maturity plans in the past, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular kind of scheme. These include:Mutual Fund HouseName of the fundKotak FMP Series 325 - (90D) The performance of the scheme will be benchmarked against the Crisil Liquid Debt Index.
This scheme involves no “Entry Load", which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load" would also be “Nil". Ranjana Gupta is the designated fund manager of this scheme.
The scheme involves “Low to Moderate Risk" as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to low to moderate risk only. However, investors should consult their financial advisors if they doubt whether the product is suitable for them. Milestone Alert!
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