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SBI MF has launched SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme.
The fund will invest in shares of companies that engage in or are expected to benefit by adopting innovative strategies and themes. This will include companies that develop new products or services that significantly invest in R&D for new innovations, companies that innovate new processes to disrupt existing business models and innovation adaptors, companies that show agility to adopt to innovative models, products or services within their industry.
Samsher Singh, MD & CEO, SBI MF said, “Today our country is amongst the fastest growing economies in the world and innovation remains a central piece for a Viksit Bharat. The government through initiatives like Start up India, the Atal Innovation Mission and India stack is aiming to create a culture of innovation from school to industry. A thriving startup and funding ecosystem, strong digital infrastructure along with a large consumer market provide favourable tailwinds for our country to become the next big leader on the innovation horizon. The fund is a good opportunity for investors who would like to invest in companies which are innovating to gain a competitive edge and changing the way we do things to enhance value in their offerings.”
D P Singh, Deputy MD & Joint CEO, SBI MF said, “We have seen disruptions across sectors like automobiles, financial services, energy, media & entertainment, technology, healthcare, e-commerce and industrials due to innovation. The collaboration between a proactive government and the private sector has fostered new startups which are built on innovation. I believe our country is rightly positioned as a global leader in tech adoption and digital transformation. The fund provides an opportunity for investors to benefit from a strong innovation theme which is set to define next-gen India.”
Prasad Padala and Pradeep Kesavan will co-manage this scheme.
