SBI Mutual Fund launched new fund offer SBI Equity Opportunties Fund Series 1, 36 month closed ended scheme. The NFO Opens for subscription on 11 Sep. 2014 & closes on 25 Sep. 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 Equity Opportunities Fund Series -1 |
|---|---|
| Fund House | SBI Mutual Fund |
| Type | Closed Ended - 36 Month |
| Category | |
| Benchmark | S&P BSE 500 |
| Option | Growth / Dividend |
| Fund Manager | Mr. Dharmendra Grover |
| Scheme Name | SBI Equity Opportunities Fund |
|---|---|
| NFO Open | 11 Sep 2014 |
| NFO Close | 25 Sep 2014 |
| Scheme Type | 36 Month close ended scheme |
| Plan | Regular |
| Minimum Application Amount | Rs 5000 |
| Load Structure | For Purchase during NFO : Entry & Exit - NIL |
Cheque Details : “SBI Equity Opportunities Fund- series 1”
Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
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[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective for SBI Equity Opportunities Fund Series 1
- To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities
- Long term investment
Stock Selection Idea (Portfolio Construction )
The fund will select stocks from within the investment universe based on following criteria
Step 1 – Qualitative Factor
- Analysis of business
- Analysis of business model
- Impact of Macro-economic variables on the business model
- External variables and its impact on the company
- Sell-side research interaction
Step 2 – External Analysis
- Geo-Politics and its impact on business
- Competition analysis
- Channel checks
- Management Meetings
- Corporate Governance
- Plant visits
Step 3 – Qualitative Factors
- Historical Financial analysis
- Earnings projection
- Capital Efficiency projections
- Application of risk metrics and discount
Step 4 – Investment Thesis
- Building investment thesis
- Valuation model
- Target price
- Attractiveness vis-a -vis other stocks in the investment universe
Step 5 – Investment Decision
- Portfolio Composition
- Continuous Monitoring
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[wptabtitle] Tax Implication[/wptabtitle] [wptabcontent]Illustrative List of Tax Implications
This summary of tax implication is based on the current provisions of the applicable laws. In view of the individual nature of tax implications, investor are advise to refer the provisions of the Income-Tax Act & consult Investment Advisor or Tax advisor with respects to the specific tax implications arising out of an investment in the scheme.
- Income from Fund : Exempt from Tax
- Dividend from Fund : Tax Free
- Long Term Capital Gain (Unit held for more than 12 months qualify) : Tax Free
- Short Term Capital Gain (Unit held for less than 12 month qualify) : 15%
- Security Transaction Tax : Payable at 0.001% on the value of units sold
- Tax Deduction at Source (TDS) : Not applicable for person resident in India; TDS applied on redemption proceeds payable to NRIs.
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rajendra@puneinvest.com
Mobile 7719917444
