SBI Mutual Fund today announced the launch of SBI Debt Fund Series B - 2 (1111 days), a close-ended debt scheme. The fund 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.
The NFO period of SBI Debt Fund Series B - 2 starts from Oct. 22, 2014- Oct. 29, 2014.
Speaking on the occasion, D P Singh, ED & CMO, domestic business, SBI Mutual Fund said, ''Investing today is challenging for many investors as they can get confused by the market volatility. Debt-oriented Funds help reduce volatility in a portfolio, and with the possibility of economy moving into reducing interest rate regime, SBI Debt Fund Series B - 2 (1111) fund would give investors superior risk-adjusted returns over the next three years.''
Rajeev Radhakrishnan, head debt, SBI Mutual Fund said, ''This fund provides investors an opportunity to lock-in their investments at reasonably high interest rates available currently. The scheme would invest in debt instruments that mature within the duration of the scheme and would seek to minimise interest rate risk for the investors.''