SBI MF Equity Savings Fund, an Open Ended Equity Scheme: NFO

SBI Mutual Fund (MF) has unveiled a new fund named as SBI MF Equity Savings Fund, an open ended equity scheme. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.

The NFO will be open for subscription from 11 May & close on 25 May 2015.

The investment objective of the scheme is to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market & capital appreciation through a moderate exposure in equity.

The scheme offers regular plan & direct plan. Both plans provide 2 options for investment - growth option & dividend option. Under the dividend option, monthly & quarterly frequency are available. Under both frequency, reinvestment, payout and transfer of dividend is available.

The scheme shall invest 70% to 30% of assets in equity and equity related instruments including derivatives (out of which, invest 0% to 45% in cash-future arbitrage and invest 20% to 50% in net long equity exposure) with medium to high risk profile & invest 70% to 30% of assets in debt and money market instruments with low to medium risk profile.

The minimum application amount is Rs. 5,000

Entry load: Not applicable.

Exit load:

For exit within 1 year from the date of allotment - 1%

For exit after 1 year from the date of allotment - Nil

Benchmark Index for the scheme is 30% in CNX Nifty & 70% of Crisil Liquid Fund Index.

The fund managers of the schemes are Mr. Neeraj Kumar and Mr. Ruchit Mehta.

For more details

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