SBI Mutual Fund NFO: SBI Energy Opportunities Fund starts subscription; know close date, minimum investment, other details

SBI Mutual Fund NFO: SBI Mutual Fund on Tuesday (February 6, 024) started subscription for its new thematic mutual fund- SBI Energy Opportunities Fund. The open ended equity fund will follow the energy theme. The fund house will provide regular and direct plans with growth and income distribution-cum-capital withdrawal (IDCW) options. 

Describing its objectives in the fund, SBI Mutual Fund said, "The investment objective of the scheme is to provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to sectors such as oil & gas, utilities and power. However, there can be no assurance that the investment objective of the Scheme will be realized."

SBI Energy Opportunities Fund: Close and allotment date

The close date for the subscription of the fund is February 20, while the allotment date is February 26.
 

SBI Energy Opportunities Fund: Minimum Investment

Investors seeking investment in SBI Energy Opportunities Fund have to invest a minimum amount of Rs. 5000/- and in multiples of Re. 1 thereafter.

The fund house has set the additional purchase amount limit as Rs. 1000 and in multiples of Re. 1 thereafter.

SBI Energy Opportunities Fund: Fund Manager

Raj Gandhi and Pradeep Kesavan (overseas securities) are the fund managers for the newly launched fund.

SBI Energy Opportunities Fund: Exit Load

The exit load for the fund is 0.01 per cent, which means one has to pay 0.01 per cent of the total NAV sell value if they sell NAVs before 365 days.

SBI Energy Opportunities Fund: Stamp Duty

As per SEBI, 0.005 per cent stamp duty will be levied on the purchase of mutual funds, including lump sum, SIP, STP, and dividend reinvestment.