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SBI Mutual Fund floats new fixed maturity plan:


SBI MUTUAL FUND : NEW FIXED MATURITY PLAN

1.MINIMUM INVESTMENT : RS. 5000/-

2.ENTRY LOAD: NIL.

3.EXIT LOAD: NIL.

4.PERIOD OF FMP: 369 DAYS.

5.NAV:   TO BE DECLARED DAILY.

6.OPTIONS:BOTH DIVIDEND AND GROWYH OPTIONS.

7.INVESTMENT PATTERN: 100% INVESTMENT IN SAFE INSTRUMENT LIKE FIXED DEPOSITS AND GOVERNMENT SECURITIES.

8.TAX BENEFITS:BENEFITS OF INDEXATION ON MATURITY.

9.DATE OF OPENING: 26TH MARCH 2011.

10.DATE OF CLOSING: 26TH MARCH 2011(SCHEME WILL BE CLOSED ON SAME DATE).

11.LIQUIDITY: UNITS CAN BE SOLD AT STOCK EXCHANGE IF ANYONE WISH TO AVAIL LIQUIDITY.ALSO FUND DECLARES DIVIDEND TIME TO TIME WHO WISH TO AVAIL THE FACILITY.

11.NO NEED TO FILL THE REDEMPTION FORM AT MATURITY.MONEY WILL BE CREDITED AUTOMATICALLY IN BANK ACCOUNT.


Category: Fixed Income, Mutual Funds

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