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SBI Mutual Fund has launched a new NFO, the SBI Fixed Maturity Plan (FMP)-Series 91 (90 Days). This close-ended income scheme aims to provide regular income and capital growth with limited interest rate risk. The NFO is open for subscription from December 26, 2023, to December 28, 2023, with a minimum subscription amount of Rs 5,000.
The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising debt instruments maturing on or before the maturity of the scheme.
The NFO of SBI Fixed Maturity Plan possesses low-interest rate risk but relatively high credit risk as per the scheme document.
Asset Allocation
| Instruments | Indicative allocations (% of total assets) |
Risk Profile |
| Debt* & Money Market Instruments | Up to 100% | Low to Medium |
Sub-Asset Allocation
| Instruments | Credit Rating AAA | Credit Rating A1+ | Credit Rating AA | Credit Rating A | Credit Rating BBB | Credit Rating (Not Applicable) |
| CDs | – | 70-75 | – | – | – | – |
| CPS | – | 25-30 | – | – | – | – |
| NCDs including securitized debt | 0-5 | – | – | – | – | – |
| Government of India dated securities including State Government Securities | – | – | – | – | – | – |
| Triparty Repo, Treasury Bills, Cash Management Bills & Reverse Repos | – | – | – | – | – | 0-5 |
Series Schedule Under This Scheme
Name of the scheme proposed to be launched under SBI Fixed Maturity Plan (FMP) – Series 91 to 95
Each Scheme viz. SBI Fixed Maturity Plan (FMP) – Series 91 to 95 (…. Days/Months), will have a separate portfolio. The exact tenure of each scheme will range between 30 Days to 140 Months from the date of allotment and will be decided at the time of the launch.
The decision to start any or all of the series mentioned in the SBI Fixed Maturity Plan (FMP) – Series 91 to 95 is up to AMC’s Managing Director and CEO. However, if there are tough market conditions, low demand, or unexpected issues, AMC can choose not to launch some series. In such cases, they have the option to launch the same series on the next scheduled day.
The launch dates of the series under the scheme will be informed from time to time.
Fund Manager
Ranjana Gupta, Age: 44 Years, Qualification: B. Com, Experience: 21 years of experience in the capital market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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