SBI Mutual Fund introduces Innovative Opportunities Fund
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SBI Mutual Fund has launched SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme. The NFO opens for subscription on July 29, 2024 and closes on August 12, 2024. The Entry Load is nil for the scheme. The 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 on or before 1 year 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 1 year 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 with Nifty 500 TRI and its fund managers are Prasad Padala and Pradeep Kesavan.
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 that seeks to benefit from adoption of innovative strategies & theme.
