 Mumbai:
SBI Mutual Fund has launched `SBI Infrastructure Fund - Series I'', which is a
three-year close-ended growth fund that will invest in the equity of a diversified
basket of companies directly or indirectly involved in infrastructure and in the
debt markets. The
new fund offer opens on May 11 and closes June 8. The minimum application for
the scheme is Rs5,000. The fund will have growth and dividend investment options.
Fund officials
said the fund will have a top-down approach to identify and create a diversified
portfolio of companies and will have no sectoral or market capitalisation bias.
The fund will
invest a minimum of 65 per cent in equity and equity-related instruments, including
derivatives, and the balance may be invested in a mixture of debt and money market
instruments. The fund
has been benchmarked against the BSE 100 index. The fund may also invest up to
10 per cent of its corpus in private equity or unlisted stocks of companies in
the infrastructure space.
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