SBI Mutual Fund NFO: This is an open ended scheme. In this, investors can make redemption or exit whenever they want. Brokerage says this is a good option for long term capital appreciation
SBI Mutual Fund NFO: Asset management company SBI Mutual Fund has launched a new thematic fund in the equity category. Subscription of SBI MF’s new scheme SBI Energy Opportunities Fund has opened from 6 February 2024. This scheme will close on 20th February. This is an open ended scheme. In this, investors can make redemption or exit whenever they want. Brokerage says this is a good option for long term capital appreciation.
SBI MF NFO: You can start investing from ₹5000
Asset management company SBI Mutual Fund says that a minimum investment of Rs 5,000 and thereafter in multiples of Re 1 can be made in SBI Energy Opportunities Fund. In this, investors also have the option of SIP. Daily, monthly, quarterly, half yearly, annually. There is a minimum SIP investment option of Rs 500 and then in multiples of Re 1. There will be minimum 12 installments in Daily SIP during NFO. Its benchmark index is NIFTY Energy TRI. In this scheme, 1 percent exit load will have to be paid on redemption before one year.
SBI MF NFO: Who can invest
The asset management company says that this can be helpful in long term capital appreciation in the scheme. This could be a good option for investors with a long term perspective. In this scheme, investors will get the opportunity to invest in shares and instruments related to shares of companies involved in energy, new energy sector and activities related to this business. However, there is no guarantee of any kind on investment in this scheme.
(Disclaimer: Details of NFO are given here. There is no investment advice here. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)