The fund will invest 32% in equity including equity ETFs, 36% in debt instruments and money market instruments and 32% in gold ETFs.
SBI Mutual Fund has filled an offer document with SEBI to launch its open ended hybrid scheme called EDGE Fund. The fund aims at generating growth and regular income byinvesting in a combination of equity, gold ETF, debt andmoney market instruments. The fund will invest 32% in equity including equity ETFs, 36% in debt instruments, money market instruments and 32% in gold ETFs.
The minimum investment is Rs. 5000 and additional investments can be made in multiples of Rs. 1000.The fund will carry an exit Load of 1% if redeemed before one year from the date of allotment. The scheme will be benchmarked against BSE 100 index, Crisil Composite Bond Fund Index and price of gold in equal percentages (33% each).
The fund manager for the scheme is Rajeev Radhakrishnan. The scheme comes with growth, dividend, and dividend reinvestment facility.
