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SBI: Magnum Gilt Fund (Short Term)
To provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government.
1.Open ended Gilt Scheme
2.The scheme will invest in government securities only with the exception of investments made in the call money markets. Investment in Government Securities signifies no risk of default (zero credit risk) either in payment of principal or even interest on the investments made by the scheme.
3.Short-Term Plan - for investors with a short-term investment horizon. This Plan will have two options (a) Monthly Dividend option and (b) Growth option. Under the Short-Term Plan, the funds will be normally managed to a maximum average portfolio-maturity of three years. Facility to reinvest dividend is available under both the Plans. Both the Plans will have separate investment portfolios and separate NAVs.
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