SBI Short Term Investment Plans

Here are some types of short term investment plan from SBI:

• Bank Fixed Deposit
• Savings account
• Short term debt instruments
• Large cap mutual funds
• Stock market
• Treasury securities
• Money market account

SBI Short Term Debt Fund Overview

SBI Short Term Debt Fund is an open-ended short term debt mutual fund scheme, launched on 27th July, 2007, with a moderately low capital market risk. It invests in debt instruments which are rated not below investment grade and money market instruments such that the Macaulay Duration, is between 1 year and 3 years. It serves as a source of regular income over a short term by investing in Debt and Money Market securities. No exit load on this investment plan.

It is measured against the Crisil Short Term Bond Fund Index. SBI generates returns at the interest rate of 6.64%, over and above the regular growth. The minimum applicable lump sum payment is Rs. 5,000 and further investments can be made in multiples of Re. 1. Minimum additional lump sum applicable on this short term investment plan is Rs. 1,000 and further investments can be made in multiples of Re. 1.

Investment Objective

To provide investors an opportunity to generate regular income through investments in a portfolio comprising predominantly of debt instruments which are rated not below investment grade and money market instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.

Investment Strategy

SBI Short Term Debt Fund analyzes the fund performance basis different macro-economic parameters, market dynamics, etc. This scheme invests in debt and money market instruments that show the promise of generating risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

Portfolio

The below is the list of portfolio holdings as on 12th December, 2018:

**Expense Ratio is exclusive of Service Tax on Management Fees

Last Dividends

Documents Required

• Application form duly filled up by the investor

• KYC Compliance: The PAN card is verified as a part of this process has to be verified by the Government of India. Individuals can either check their KYC compliance or register themselves for KYC through the official website of CDSL Ventures Limited (CVL).

For those investors who are already KYC-compliant, they can submit the KYC acknowledgement letter or a copy of it. If you are not KYC-compliant, you need to submit these documents for completing the KYC process:

• KYC form
• Passport-size photograph

• Proof of Identity (PoI): The acceptable documents are:

  • PAN Card
  • Aadhaar Card
  • Driving Licence
  • Voter’s ID
  • Passport

• Proof of Address (PoA): The acceptable documents are:

  • PAN Card
  • Aadhaar Card
  • Driving Licence
  • Voter’s ID
  • Passport
  • Ration card
  • Registered residential agreement for rent or sale
  • Flat maintenance bill
  • Copy of insurance
  • Bank account statement that is not more than 3 months old
  • Utility bills like electricity bill, gas bill, landline telephone bill that are not more than 3 months
  • Self-declaration to High Court and Supreme Court judges in case of new residential address
  • PoA issued by Bank Managers of multinational foreign banks or scheduled commercial banks or gazetted officer, etc.
  • Any of the above PoA in the name of the applicant’s spouse
  • Parents have to fill up a third party declaration form for investing on behalf of their children who are minors.

• For non-individuals like organisations, partnership firms, trusts, Hindu United Families (HUF), etc., the following documents have to be submitted:

  • Proof of Address (POA)
  • Statement of Bank
  • Memorandum and Article of Association
  • Certificate of Registration
  • Deed of declaration of HUF
  • Resolution of the Board of Directors
  • List and signature(s) of authorised person(s)
  • Power of Attorney (for Trust)
  • Trust deeds (for Trust)
  • Certificate of Registration with SEBI (for FIIs)
  • Self-certification on letterhead in the case of banks, government bodies, army organizations, institutional investors and regulatory bodies