SBI Mutual Fund could list its close-ended SBI Capital Protection Oriented Fund Series -1, the first capital protection-oriented fund by it after three years.
The close-ended fund, with a five-year maturity period would be benchmarked to CRISIL MIP Blended Index. The new fund offer closes on November 23.
The main objective of the five-year fund would be to protect the capital invested through focused investments in debt and money market instruments as well as equity, said SBI Mutual Fund MD S Shahabuddin.
The fund would also try to provide investors with opportunities for long-term growth in capital. It has been assigned an AAA(so) rating by Crisil. The fund would invest a minimum 73% in debt instruments
?Protecting the investors’ money has always been our foremost priority. It has been an endeavour of SBI MF to come out with new products to provide an efficient and prompt service to our investors and cater to their investment and servicing needs. We are confident that our investors would gain the same trust with this fund as like our previous offers.?