SBI Tax Advantage Fund-Series-II Floats On

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SBI Tax Advantage Fund-Series-II Floats On
SBI Mutual Fund has launched a new fund named as SBI Tax Advantage Fund-Series-II, a 10 year close ended Equity Linked Savings Scheme. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit

Investment Objective:
The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalization, along with income tax benefit.

The minimum target amount is Rs. 10 Crore

Allocation of funds:
The scheme would allocate 80-100% of assets in equity and equity related instruments. The scheme shall also invest up to 20% in debt and money market securities with low to medium risk profile.

Basic Details:
NFO Opens: December 22, 2011
NFO Closes: March 21, 2012
NFO Price: Rs 10 per unit
Options: growth and Dividend Payout
Minimum Application Amount: Rs. 500/- and in multiples of Rs. 500 thereafter.
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Listing- BSE
Fund Manager: Mr. Jayesh Shroff.

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Story first published: Monday, December 26, 2011, 15:31 [IST]
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