Investment Objective
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. However, there is no assurance that the investment objective of the scheme will be achieved.
| Fund Overview | |
|---|---|
| Exit Load | 1% for redemption within 1 year |
| Min. SIP Amount | ₹ 500 |
| Min. LumpSum Amount | ₹ 5000 |
| Launch Date | 29th Jul 2024 |
| End Date | 12th Aug 2024 |
| Allotment Date | 20th Aug 2024 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | Nil |
| Scheme Benchmark | Nifty 500 TRI |
| Risk | Very High |
| Scheme Category | Equity, Sectoral / Thematic |
| Fund Manager | Prasad Padala |
| AMCs Details | |
|---|---|
| AMC Name | SBI Mutual Fund |
| RTA | Computer Age Management Services Ltd |
| Total AUM | ₹7,27,561.10 Cr |
| Total Schemes | 62 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About SBI Mutual Fund.
SBI Mutual Fund, established on June 29, 1987, is India’s second asset management company after the Unit Trust of India. It incorporated SBI Funds Management Ltd. on February 7, 1992, to offer a wide range of mutual fund schemes. Notably, in 1999, SBI launched India’s first ‘Contra’ fund, which invests in undervalued stocks with long-term potential.
In July 2004, SBI sold 37% of its mutual fund arm to Societe Generale Asset Management, which was later acquired by Amundi in May 2011. A significant milestone came in 2015 when SBI introduced India’s first ESG Fund and received a Rs 5,000 crore investment from the Employees’ Provident Fund in its Sensex ETFs.
With Computer Age Management Services Limited (CAMS) as the registrar and transfer agent, SBI Mutual Fund ensures seamless transactions and accurate investment records. The company is led by Mr. Vinay M. Tonse, the managing director, and Ms. Vinaya Datar, the compliance officer.
You can explore more Mutual Funds offered by SBI Mutual Funds here
Happy Investing,
Saurav Parui