Tuesday, October 6, 2015

SBI Equity Opportunities Fund - IV opens

SBI Mutual Fund has launched its fourth three-year close-ended diversified equity scheme SBI Equity Opportunities Fund — Series IV. The new fund offer will be open for subscription from October 7-21.

S&P BSE 100 benchmarked

Investors can put in a minimum of Rs.5,000 and in multiples of Rs.1 thereafter. The scheme is bench-marked to S&P BSE 100 with 80-100 per cent of total asset exposure to equity and equity-related securities. It would also have exposure to securitised debt to the extent of 20 per cent of the net assets and would invest in debt and money market instruments for safety net.

It offers direct and regular plans with growth and dividend options in both plans. The fund would invest in a well-diversified portfolio cutting across market capitalization and sectors that would benefit from the all-round growth of the Indian economy.

Relies on growth story

Dharmendra Grover, Portfolio Manager of the new scheme, said the new fund offer is an ideal investment solution as it would invest in stocks that benefit from the structural trends in the Indian economy.

“On the back of slowing global economies, the India growth story has been a bright spot and has potential to grow further,” he said in a statement on Monday.

The fund targets investing in companies that participate and benefit from the India growth story on the back of its strong macro-fundamentals and investment-driven approach of the Central government.

The potential opportunities are structural trends, such as home improvement, e-commerce, import substitution and manufacturing exports, defence and education, said SBI MF.

Improving macro-economic conditions in the country, a stable pro-growth government and positive sentiments of the global and domestic companies are great enablers to help fulfill the fund investment objective, said Grover.

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