SBI Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch an open ended equity fund- SBI Nation Builder Fund. The face value of the new issue will be Rs 10 per unit. The primary objective of the scheme is to provide investors with opportunities for long term capital growth through an active management of investments in a diversified basket consisting of equity and equity related instruments of companies.
The scheme offers growth as well as dividend option. Further, the dividend option will offer payout and reinvestment facilities.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 25 crore during NFO period.
The scheme will invest of 65-100% in equities and equity related instruments with high risk profile.
It will invest up to 35% in debt as well as money market instruments with medium to low risk profile.
The exposure to derivatives instruments in the scheme may be to the extent of 50% of the net assets. The investment in equities would be through primary as well as secondary market.
The scheme offers growth as well as dividend option. Further, the dividend option will offer payout and reinvestment facilities.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 25 crore during NFO period.
The scheme will invest of 65-100% in equities and equity related instruments with high risk profile.
It will invest up to 35% in debt as well as money market instruments with medium to low risk profile.
The exposure to derivatives instruments in the scheme may be to the extent of 50% of the net assets. The investment in equities would be through primary as well as secondary market.
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