SBI Mutual Fund launches debt fund series

Mumbai, May 27 (UNI) SBI Mutual Fund will launch its 'SBI Debt Fund Series' (SDFS) close-ended debt schemes with various maturities on Monday.

The subscription for the series would close on May 30, a release issued here said.

The scheme will have a minimum application of Rs 10,000 and in multiples of Rs 1,000 per application. There is no entry load at the time of NFO. However, exit load will be applicable.

SBI MF Managing Director Deepak Chawla said, ''SBI Fund house has an impressive track record in managing the existing debt funds and through these new debt fund series we aim to provide investors regular income, liquidity and attractive returns.'' UNI AR GK AG1544