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  • MF News SBI Mutual Fund launches SBI Dual Advantage Fund - Series V

    SBI Mutual Fund launches SBI Dual Advantage Fund - Series V

    NFO opens for subscription on October 31 and closes on November 14
    Team Cafemutual Nov 5, 2014

    NFO opens for subscription on October 31 and closes on November 14

    SBI Mutual Fund has launched its close-ended hybrid fund called SBI Dual Advantage Fund - Series V (1111 days). The NFO is open for subscription from October 31 and closes on November 14.

    The scheme aims to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme and to generate capital appreciation by investing a portion of the scheme corpus in Equity and Equity-related instruments. The scheme will be investing up to 20% in Equity & Equity-related instruments and 80%- 85% in in fixed income / debt securities.

    Rajeev Radhakrishnan, Head Debt, SBI Mutual Fund said, “The scheme endeavors to  ensure a moderately higher accrual through investments in debt securities, while simultaneously seeking to ensure capital appreciation through investments in equity instruments. The debt portion would be invested in bonds that match the tenure of the scheme seeking to ensure both accrual income as well as minimisation of interest rate risk for investors.”

    Dinesh Kumar Khara, MD & CEO, SBI Mutual Fund said, “The SBI Dual Advantage Fund – Series V provides an opportunity for investors - across HNIs, retail and first-time investors - to get the benefit of upside in equity markets, a quality debt portfolio as well as tax efficient returns.”

    The benchmark of the scheme is CRISIL MIP Blended Fund Index and has two plans viz Direct Plan & Regular Plan with both of them offering Growth and Dividend option. The fund will be co-managed by Rajeev Radhakrishnan and Dharmendra Grover.

    SBI Mutual Fund has an AUM of Rs. 72,850 crores as on September 30, 2014

     

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