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SBI: Magnum Insta Cash Fund
To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity to meet unexpected needs of cash.
1.Open ended Liquid Income Fund.
2.A scheme, offering high degree of liquidity on investment and superior returns consistent with such high liquidity.
3.Following Plans are available to the investors i)Plan A - Dividend Plan (ii) Plan B - Cash Plan .Plan A and B will invest their entire corpus in debt (Corporate debentures & bonds, PSU/FI/Govt. guaranteed bonds), Govt. securities, call money and money market instruments (commercial paper, certificates of deposit, T-bills, bills rediscounting, repos, short-term bank deposits etc).
4.Plan A and B provides relatively higher liquidity and the returns will depend on the short-term interest rates. These Plans will invest in debentures and bonds maturing not later than 3 years, in Govt. securities, in money-market instruments and in call money.
5. Switchover facility at NAV related prices to other open-ended schemes of SBI Mutual Fund, viz., Magnum Balanced Fund, Magnum Equity Fund, Magnum Multiplier Plus Scheme 1993, Magnum LiquiBond Income Fund, Magnum Gilt Fund and Magnum Sector Funds Umbrella.
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