SBI Mutual Fund has launched a new 370 days close ended debt scheme, India Infoline reports. The SBI Debt Fund Series - 370 Days – 15 will be benchmarked against the CRISIL Short Term Bond Fund Index.
The fund will seek to invest in government of India dated securities and treasury bills, PSU and corporate bonds/debt instruments as well as money market instruments. The scheme will be managed by Rajeev Radhakrishnan, adds Moneylife Personal Finance.
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