News: The SBI Energy Opportunities Fund has been making waves in the investment world. If you’re curious about this fund, read on to discover key details that matter to investors.
The SBI Energy Opportunities Fund is an open-ended equity scheme that revolves around the energy theme. But what does that mean? Let’s break it down:
Equity Scheme: This fund invests primarily in stocks of companies related to energy. These companies could be involved in activities like exploration, production, distribution, transportation, and processing of both traditional and new energy sources.
The fund recently launched its New Fund Offer (NFO), which was open for subscription from February 6 to February 20. And guess what? It managed to collect over Rs 6,700 crore during this period!
Half a Million Applications: Investors from all corners of the country showed interest, with nearly half a million applications pouring in. That’s a lot of trust in the SBI Mutual Fund brand!
So, why should you consider investing in this fund? Here’s the scoop:
Long-Term Capital Appreciation: The SBI Energy Opportunities Fund aims to provide investors with opportunities for long-term capital appreciation. In simple terms, it wants your money to grow over time.
Let’s get into specifics:
1. Benchmark: The fund’s performance will be measured against the Nifty Energy TRI index.
2. Fund Managers: The brains behind this fund are Raj Gandhi and Pradeep Kesavan.
3. Minimum Application Amount: You can start with just Rs 5,000, and additional investments can be made in multiples of Re 1.
4. Exit Load: If you redeem your units within a year of allotment, there’s a 1% exit load.
This fund is suitable for investors who:
The State Bank of India (SBI), headquartered in Mumbai, Maharashtra, is a Fortune 500 company and an Indian Multinational, Public Sector Banking and Financial Services statutory body. Here’s what you need to know:
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Beyond traditional banking, SBI has successfully diversified into various subsidiaries:
1. What is the SBI Energy Opportunities Fund?
The SBI Energy Opportunities Fund is an open-ended equity scheme that focuses on energy-related stocks. It invests in companies involved in energy exploration, production, distribution, transportation, and processing.
2. When was the NFO for this fund launched, and how successful was it?
The New Fund Offer (NFO) for the SBI Energy Opportunities Fund was open for subscription from February 6 to February 20. During this period, it collected over Rs 6,700 crore from nearly half a million applications.
3. What is the investment objective of this fund?
The primary goal of the SBI Energy Opportunities Fund is to provide investors with opportunities for long-term capital appreciation.
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