SBI MF Long Term Advantage Fund ELSS- Series II - NFO

SBI Mutual Fund (MF) has launched a new plan named as SBI Long Term Advantage Fund - Series II, a 10 year close ended equity linked savings scheme. (ELSS)

The face value of the new issue will be Rs 10 per unit.

The new issue will be open for subscription from 22 December 2014 to 23 March 2015.
The investment objective of the plan is to generate capital appreciation over a period of 10 years by investing predominantly in equity & equity related instruments of companies along with income tax benefit.

The plan shall offers two options viz. growth & dividend options.

The plan would invest 80% to 100% of assets in equities, cumulative preference shares and fully convertible debentures & bonds of companies with high risk profile and invest up to 20% of assets in money market instruments with low to medium risk profile.

The minimum application amount is Rs. 500.

Investment in this SBI MF Long Term Advantage Fund ELSS- Series II, Under income tax section 80C, up to Rs. 1.5 lac tax benefit avail.

Entry load: Not applicable.

Exit load: Nil

Benchmark Index for the plan is S&P BSE 500 Index.

The fund manager of the scheme is Mr. Dharmendra Grover.

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