SBI Short Term Investment Plans

Can you provide me the details for SBI Short Term Investment Plans?

[Raman Vij]

SBI Short Term Investment Plans is to provide the investors with returns generated through investments in government securities issued by the Central Government and / or a State Government.

Key Benefit
Safety of Investment – Zero credit risk
Liquidity
Ease of transactions
Investments in smaller amounts

Structure
Open-ended Gilt Scheme

Inception Date
January 01, 2003

Plans and Options under the Plan
Monthly Dividend option and Growth option

Face Value (Rs/Unit): Rs. 10

Minimum Investment:
Rs. 25000/- and in multiples of Rs. 5000/- thereafter for the Growth option. Rs. 1,00,000/- and in multiples of Rs. 5000/- thereafter for dividend option.

Exit Load
Regular Plan (Short Term)-CDSC of 0.15% for exit within 15 days from date of investment PF (Fixed Period) Plan; 1 year: 0.25% within 1 year from the date of investment; 2 year 0.7% within 1 year, 0.35% between 1 and 2 year, 3 year 0.90% within 1 year