SBI Mutual Fund launches SBI Tax Advantage Fund - Series II

Subscribe to GoodReturns

SBI Mutual Fund launches SBI Tax Advantage Fund
SBI Mutual Fund launched a new close-ended equity linked scheme called “SBI Tax Advantage Fund - Series II". 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.

Allocation of funds:
The scheme will invest in equity and equity related instruments and debt and money market securities. Hence the scheme will allocate 80 per cent to 100 per cent in equity and equity related instruments while 0 per cent to 20 per cent in debt and money market securities.

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
Listing:BSE
Fund Managers: Jayesh Shroff

Read more about: mutual funds, tax, nfo, sbi
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?