The NFO of the scheme is currently open for subscription and closes on December 01.
SBI Mutual Fund has launched its 3 year close end equity scheme called SBI Equity Opportunities Fund – Series II. The NFO of the scheme is currently open for subscription and closes on December 01.
The scheme aims to generate capital appreciation by investing in a portfolio of equity and equity related instruments.
In a press release, Dinesh Khara, MD & CEO, SBI Mutual Fund said, “Improving macro-economic indicators, which has already brought cheer to equity market sentiments, and now the stable government with its clearly articulated policy framework and pro-growth approach are the twin reasons which would allow HNIs and retail investors to benefit from this fund.”
Navneet Munot, CIO, SBI Mutual Fund said, "SBI Equity Opportunities Fund - Series II, with its flexible investment mandate is well placed to take advantage of the emerging opportunities in equity markets. Being a 3-year closed-ended, the fund offers ability to the fund manager to identify the best stock ideas with a long term orientation. Historically, over the long term, small and mid-cap investment ideas have provided superior returns compared to large caps, attributable to inefficient price discovery owing to lower analyst coverage and lower activity levels.”
On fund management strategy, the fund house said, “The fund would endeavor to participate in the all-round growth of the Indian economy and for this the fund manager will identify the stocks that would benefit from the growth of the Indian economy. To reduce the risk of the portfolio, the scheme may also use various derivative and hedging products from time to time for hedging and rebalancing purposes, in the manner permitted by SEBI.”
The scheme will be benchmarked against S&P BSE 500. Dharmendra Grover is the fund manager of the scheme.
SBI Mutual Fund manages AAUM of Rs. 73,530 crore as on September 30, 2014.
