Mutual Fund New Scheme: If you also want to make long-term gains by investing in mutual funds, then SBI Mutual Fund has launched a new scheme, which comes under the debt category of SBI MF. Its name is SBI Long Duration Fund. The benefit of regular fixed income is available in this scheme. It has been opened for investment from December 12 and can be invested in it only till December 20, 2022.
If you want to generate regular income for a long time with less investment, then this scheme can prove to be a useful option for you. Not only this, investors also get an opportunity to invest in debt and money market instruments. Indexation benefit is also available under this fund. Along with this, they also get an opportunity to invest in a high quality portfolio of government securities. For this, Rajeev Radhakrishnan, CIO of Fixed Income, will be the fund manager. And Mohit Jain will be the indicated fund manager.
The minimum application amount to avail SBI Long Duration Fund is Rs 5,000. Investors can invest in multiples of Rs. There can also be a moderate level of risk in this. The date of December 21 has been fixed for this new fund offer. For which the benchmark is “CRISIL Long Duration Fund All Index”.