SBI launched a new fund offering, SBI Banking and Financial Services Fund-FEB 2015, an open-ended sector fund. The NFO opens for subscription on February 11th, 2015 and closes on February 24th, 2015.No entry load will be applicable for the scheme.
| Scheme Name | SBI Banking and Financial Services Fund |
|---|---|
| Type | Open Ended |
| Category | Sector Fund |
| Benchmark | CNX Finance Index |
| Fund Manager | Ms. Sohini Andani |
Banking and Financial Services:
Parameters considered for allocation
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::Fund Philosophy & Asset Allocation::
- Aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
- Invests across market capitalization.
- Bottom up stock allocation
- suitable for investors looking for exposure to the Indian financial services sector
- Indicative Asset Allocation.
*Exposure to derivatives may be to the extent of 50% of the net assets.cumulative gross exposures through debt,equity & derivative shall not exceed 100% of the net assets of the scheme
- Major policy reforms undertaken in the banking & financial services sector
- Huge potential across banks & NBFCs due to low penetration
- Economic revival to revive loan growth & improve asset quality
- Delicate balancing between level of capital & return on equity improving efficiency in the sector
- Emergence of new technologies & innovations like net banking & mobile technology to drive the sector
::SBIFM: A Complete Framework::
::Introduction of major policy reforms::
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