SBI MF introduces Quant Fund
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SBI Mutual Fund has launched SBI Quant Fund, an open-ended equity scheme following Quant based investing theme. The NFO opens for subscription on December 04, 2024 and closes on December 18, 2024. No Entry Load shall be charged for the scheme. The Exit Load will be 0.5% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 6 months from the date of allotment and nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 6 months from the date of allotment. The minimum subscription amount is Rs 5000 & in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at BSE 200 TRI and its fund managers are Sukanya Ghosh and Pradeep Kesavan.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related instruments selected based on quant model theme.
