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  • NFO News SBI MF collects over Rs.3600 crore from its dividend yield NFO

    SBI MF collects over Rs.3600 crore from its dividend yield NFO

    Through this NFO, the fund house has added 40,000 new MF investors.
    Team Cafemutual Mar 17, 2023

    SBI Mutual Fund has collected close to Rs.3,600 crore during the NFO of SBI Dividend Yield Fund.

    With this, the fund house now commands over 25% share, the largest in the dividend yield category, which now has a total AUM of Rs. 13,844 crore.

    The fund house attributes this to strong promotion in regional languages with around 1.23 lakh applications from 70% of pin codes in the country and around 40,000 new investors (new PAN registrations).

    The fund house believes that the category has a lot of potential and dividend yield funds should be part of an investor’s portfolio, especially those looking to invest directly in equity or looking for a regular cash flow from dividends.

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    1 Comment
    Prateek Jain · 1 year ago `
    Regular cash flow from
    Dividends - pls explain how is is possible in a dividend yield fund?
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