20 Jul 2019 | 1:11 AM


SBI Fixed Maturity Plan (FMP) - Series 10 floats on
Published on 06-25-2019
SBI Mutual Fund has launched a new Closed Ended Growth scheme named SBI Fixed Maturity Plan (FMP) - Series 10 with maturity period of 1183 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Jun 26 to Jul 01 2019.

According to the offer document filed with SEBI the entry and exit load is Nil.

The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.

The fund manager of the scheme will be Ranjana Gupta while the performance of the scheme will be benchmarked against .

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.