SBI Mutual Fund files offers document for Energy Opportunities Fund
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SBI Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘SBI Energy Opportunities Fund’. Offer of Units of Rs 10 each during the New Fund Offer and NAV related prices on ongoing basis. Entry load will not be applicable to the scheme. 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 90 days 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 90 days from the date of allotment. The Scheme offers Growth Option and Income Distribution cum capital withdrawal (IDCW) Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 Crores.
The performance of the scheme is benchmarked to Nifty Energy TRI. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to sectors such as oil & gas, utilities and power.
