SBI Mutual Fund has launched SBI Multicap Fund, an open-ended equity scheme which aims to gain capital appreciation by investing across large, mid, and small cap companies.
The fund will not have any sector or style bias as the outcome of portfolio selection will be based on the analyst recommendations.
In a press release, Vinay M. Tonse, MD & CEO, SBI MF said, “The fund comes with a unique facility called MITRA SIP, which seeks to help investors build wealth through a SIP and simultaneously register a SWP which will be activated at the end of the SIP period to generate tax efficient regular cash flows. Through this fund, investors will get strong pedigree of investment expertise across market caps and in one fund.”
DP Singh, Chief Business Officer, SBI MF said, “A multicap category makes a good case for investors who wish to have a dedicated allocation across large, mid, and small cap companies in one fund. Millennials, first time Investors (with more than 5 years’ time horizon, wanting to have an unbiased flavour of market caps) and direct equity investors who have a limited understanding of researching companies or have multiple investments across market capitalisation, looking for a consolidated solution through a single fund can choose this fund.”
R Srinivasan and Mohit Jain will manage the fund.
