SBI launched new fund offer SBI Banking and Financial Services Fund-FEB 2015, an open ended sector fund.The NFO Opens for subscription on 11th February 2015 & closes on 24th February 2015. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]::Key Scheme Feature::
| Scheme Name | SBI Banking and Financial Services Fund |
|---|---|
| Fund House | SBI Banking and Financial Services Fund |
| Type | Open ended sector fund |
| Category | Regular |
| BenchMark | CNX Finance Index |
| Minimum Application amount | Rs. 5,000/- and in multiples of Re. 1 thereafter |
| Fund manager | Ms. Sohini Andani |
| Scheme Name | SBI Banking and Financial Services Fund |
|---|---|
| NFO Open | 11 Feb 2015 |
| NFO Close | 24 Feb 2015 |
| Additional Purchase Amount | Rs. 1,000/- and in multiples of Re. 1 thereafter |
| Plan Options | Regular plan. |
| Load Structure | Entry Load: Not Applicable Exit Load: For exit within 12 months from the date of allotment -2% For exit after 12 months but within 18 months from the date of allotment -1% For exit after 18 months from the date of allotment - Nil |
Cheque Details : “SBI Banking and Financial Services Fund”
::Banking and Financial Services::
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[wptabtitle]Parameters[/wptabtitle] [wptabcontent]
::Parameters considered for allocation::
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[wptabtitle] Solutions [/wptabtitle] [wptabcontent]
::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
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[wptabtitle]Why Invest[/wptabtitle] [wptabcontent]::Investment ::
- 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
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[wptabtitle]Framework[/wptabtitle][wptabcontent]
::SBIFM: A Complete Framework::
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[wptabtitle] Important [/wptabtitle] [wptabcontent]
::Introduction of major policy reforms::
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rajendra@puneinvest.com
Mobile:7719917444
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