SBI MF Floats Protection-Oriented Scheme

SBI Mutual Fundhas rolled out a closed-end capital-protection-oriented scheme,India Infolinereports. TheSBI Capital Protection Oriented Fund - Series IIIaims to protect the capital invested on maturity of the scheme through investments in equity debt. It will also provide investors with opportunities for long-term growth in capital.

The three-year closed-end fund will allocate 82 percent to 100 percent of assets in debt and debt-related instruments as well as money market instruments with low- to medium-risk profile. The scheme is benchmarked against theCrisil MIP Blended Indexand will be managed byRajeev RadhakrishnanandRama Iyer Srinivasan.

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