SBI Mutual Fund launched new fund offer SBI Dual Advantage Fund- Series II, a closed ended scheme. The NFO Opens for subscription on 22 April 2014 & closes on 5 May 2014. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
|Scheme Name||SBI Dual Advantage Equity Fund - Series 1|
|Fund House||SBI Mutual Fund|
|Benchmark||Crisil MIP Blended Fund Index|
|Option||Growth / Dividend|
|Fund Manager||Mr. Rajeev Radhakrishanan , Mr. Richard D'souza,|
|Scheme Name||SBI Dual Advantage Fund Series 2|
|NFO Open||22 April 2014|
|NFO Close||5 May 2014|
|Scheme Type||Close Ended Hybrid Scheme|
|Minimum Application Amount||Rs 5000 and in multiples of Rs 1 thereafter|
|Load Structure||Entry load - nil Exit load - - nil|
Cheque Details : “SBI Dual Advantage Fund Series II “
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Who can Invest
This product is suitable for investors:
- Income and capital appreciation
- Investment in primarily in Debt and Money Market Instrument for regular returns & Equity and equity related instrument for capital appreciation.[/wptabcontent]
[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective
- The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity related instruments.
Type of the Instruments in which scheme will invest
The Scheme will invest in fixed Income /debt Investments. The Scheme will also invest in equity & equity related instruments including derivatives.
Debt Instruments & Money Market Instruments shall cover the following various instruments:
- Certificate of Deposits (CDs) is a negotiable money market instrument issued by scheduled commercial banks and select all India Financial Institutions that have been permitted by the RBI to raise short term resources.
- Commercial Paper (CPs) is an unsecured negotiable money market instrument issued in the form of a promissory note, generally issued by the corporate, primary dealers and all India Financial Institutions as an alternative source of short term borrowings. They are issued at a discount to the face value s may be determined by the issuer. CP is traded in secondary market and can be freely bought and sold before maturity.
- Treasury Bills (T-Bills) are issued by the Govt. of India to meet their short term borrowing requirements.
- Collateralised Borrowing and Lending Obligations (CBLO) is a money market instrument that enables entities to borrow and lend against sovereign collateral security.
- Securities created and issued by the Central and State Governments as may be permitted by RBI, securities guaranteed by the Central and State Govt.
- Non Convertible Debentures (NCDs) as well as bonds are securities issued by companies /institutions promoted / owned by the Central or state Govt and statutory bodies. These instruments may be secured or unsecured against the assets of the company and generally issued to meet the short term and long term fund requirements.
[wptabtitle] Fund Manager[/wptabtitle] [wptabcontent]
Mr. Rajeev RadhakrishnanSingh : Mr. Singh is a B.E. (Production), CFA from USA and MMS. Total experience of 10 years in fund management. Around 8 years in Fixed Income fund management and dealing. Previously he was associated with UTI AMC as Co-fund manager.
Various funds being managed by Mr. Rajeev Radhakrishnan are SBI Magnum Insta Cash Fund, SBI Premier Liquid Fund SBI Magnum Children Benefit Plan, SBI Regular Saving Fund, SBI Capital Protection Oriented Fund-Series II & III, etc.
Mr. Richard D’souza:
Mr. Richard D’souza has over 19 years of work experience in equities as a portfolio manager and as research analyst on the sell side. He has been associated with SBI Funds from April 2010 onwards as Fund Manager for Retail PMS division. Prior to joining SBI AMC, he worked with ASK Investment Managers Pvt Ltd as Portfolio Manager. He has also worked as research analyst with sell-side organizations like Antique Share & Stock Brokers Pvt Ltd, Sunidhi Consultancy Ltd and Alchemy Share & Stock Brokers. Richard has graduated from University of Mumbai, as a Bachelor of Science (Physics, in 1991[/wptabcontent]
[wptabtitle]Collection Center[/wptabtitle] [wptabcontent]
New fund offer open for subscription 16 April 2013. A 38 month close-ended capital protection oriented fund.
Asset Allocation : Debt Instruments including Money Market Securities 80% to 100% & Option Premium : 0% to 20 %
Capital Protection Fund NFO BNP Paribas Capital Protection Oriented Fund - Series I NFO Open Date 16 April 2013 Close Date 30 April 2013 Investment Tenure 38 month Entry Load NIL Exit Load NIL Minimum Amount Rs. 5000 Option Dividend & Growth Benchmark CRISIL MIP Blended Index
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