SBI MF introduces MultiCap Fund
SBI Mutual Fund (MF) has launched the SBI MultiCap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on February 14, 2022 and closes on February 28, 2022. The Entry load is nil for the scheme. The Exit load will nil, if units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched on or before 1 year from the date of allotment, exit load will be 1% of the applicable NAV, If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before 1 year from the date of allotment and there will be no exit load, If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The performance of the Scheme would be benchmarked to the NIFTY 500 Multicap 50:25:25 TRI and its fund managers are Rama Iyer Srinivasan and Mohit Jain.
The investment objective of the scheme is to provide investors with opportunities for long term growth in capital from a diversified portfolio of equity and equity related instruments across market capitalization.
