SBI MF NFO: Asset management company SBI Mutual Fund (SBI MF) has launched fixed income plan in the debt category. Subscription of this NFO- SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days)- will remain open till December 28, 2023. This is a closed ended debt scheme. This scheme is suitable for investors who want to achieve capital growth along with income during the tenure of the scheme. It is also for those investors who want to invest in debt, money market instruments, or government securities.

SBI MF NFO: Start investing is Rs 5,000

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In this SBI MF scheme, one can start their investment with at least Rs 5,000, and after that, any amount can be invested in multiples of Re 1.

The benchmark of the scheme will be CRISIL Liquid Debt Index.

There is no entry and exit load in the scheme.

The risk level in this scheme is of low to medium category.

SBI MF NFO: Features of the scheme

The main objective of this scheme of SBI MF is to provide investors the benefit of regular income and potential capital growth.

Also, the impact of interest rate risk has to be minimised.

The investment of the scheme will be in debt securities.

However, the fund has made it clear that there is no guarantee that the target will be achieved.

According to the fund house, Fixed Maturity Plan (FMP) is a scheme in which, investors' money is invested in debt instruments with a specific maturity period as per the tenure of the scheme.

The duration of FMP can range from a few months to a few years. Credit risk is also high in this fund.

(Disclaimer: Details of NFO are given here. These are not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before taking any investment decision.)