SBI Mutual Fund launches Dual Advantage Fund-Series XI
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SBI Mutual Fund on Tuesday launched a close ended income scheme – the SBI Dual Advantage Fund-Series XI . The new fund offer (NFO) opens for subscription on September 8 and closes on September 22; No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against Crisil MIP Blended Fund Index and its fund managers are Rajeev Radhakrishnan and Dharmendra Grover.
The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in Equity and equity related instruments.
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