SBI Mutual Fund (SBI MF) will offer units of SBI Capital Protection Oriented Fund-Series 3 through the Mutual Fund Service System of the National Stock Exchange and Bombay Stock Exchange Stock Exchange Platform.
The three-year closed-ended growth fund linked to a basket of Indian equities will pay at maturity the higher of the Nav achieved by the fund or 100% initial capital.
SBI MF said no redemption or repurchase of units of the fund will be allowed on any of the two platforms during the new fund offer (NFO) period or before the maturity of the fund. The SBI Capital Protection Oriented Fund-Series 3 was originally launched back in May and struck on 30 June.
Investors will be able to subscribe units of the fund until 29 September 2011.
This product is available in the Indian database.