SBI Mutual Fund today launched SBI Dual Advantage Fund - Series III, a 36-month close-ended debt-oriented hybrid scheme.
The scheme will invest 10-20 per cent of the assets in equity and equity related instruments and 80-85 per cent in debt securities or fixed income.
"Under this scheme, investor can also avail indexation benefits and thereby potential tax efficient returns as per current tax law," the company said in a press release.
The NFO period of SBI Dual Advantage Fund Series III starts from May 29, 2014-June 12, 2014.
The company said it will focus primarily on companies that have demonstrated characteristics such as market leadership, strong financials and quality management.
"This fund gives investors an opportunity to grow by endeavouring to minimise credit risk & matching maturity reduces interest rate risk," said DP Singh, ED and CMO, Domestic Business, SBI Mutual Fund.
The company said the fund is suitable for investors with low to medium risk appetite; to HNIs who are in highest tax bracket; to first time mutual fund investors, and investors who are looking for income as well as capital appreciation.
