SBI Mutual Fund seeks SEBI nod to launch close-ended equity scheme

The open-ended equity scheme, will invest at least 65 percent of its assets in equity and equity-related instruments, while up to 35 percent will be deployed in debt and money market instruments

Himadri Buch

February 06, 2018 / 17:02 IST

SBI Mutual Fund has filed draft offer document with Securities and Exchange Board of India seeking approval to launch SBI Equity Opportunities Fund-Series X to XI, according to the information on the regulator's website.

Each series of the scheme will have a tenure between 3 to 5 years. The close-ended equity scheme, will invest at least 65 percent of its assets in equity and equity-related instruments, while up to 35 percent will be deployed in debt and money market instruments.

It also has the provision to invest up to 10 percent in units of REITs (Real estate investment trusts and InvITs ( Infrastructure Investment Trusts)

Other features:

Plans: Direct and regular

Options: Growth and dividend

Minimum application: Rs 5,000 and in multiples of one rupee thereafter

Exit Load: Nil

Benchmark index: S&P BSE 500 Index

Fund Managers: Anup Upadhyay and Mohit Jain

Himadri Buch

first published: Feb 5, 2018 04:03 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.