Minimum Monthly SIP Rs.500: SBI Innovative Opportunities Fund
SBI MF launches its innovation focused fund
The NFO opens on July 29 and closes on Aug 12.
Product / Service Innovators: Companies that develop new products or services or significantly invest in R&D for new innovations. They challenge existing markets or create entirely new categories.
Process Innovators: Companies that innovate new processes, potentially disrupting existing business models and gaining market share through technological and process advancements.
Innovation Adaptors: Incumbent companies that adapt to innovative business models, products, or services within their industry, showing agility in response to emergent trends.
- These adaptive innovators may not necessarily overhaul their entire business model but exhibit innovative strategies in specific segments or verticals that have potential to meaningfully impact the business.
Fund Facts
Scheme Name: SBI Innovative Opportunities Fund
Type of Scheme: An open-ended equity scheme following an innovation theme.
Investment Objective: 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 that seek to benefit from adoption of innovative strategies & themes.
However, there is no assurance that the investment objective of the scheme will be achieved.
Plans & Options: Regular & Direct Plan; Both plans provide two options – Growth Option and Income Distribution cum capital withdrawal (IDCW) Option
Application Amount:
Minimum Investment Amount: Rs. 5,000 and in multiples of ₹ 1 thereafter.
Additional Purchase Amount: Rs.1,000 and in multiples of ₹ 1 thereafter.
Minimum Monthly SIP Amount: Rs. 500- and in multiples of Re. 1 thereafter.
Fund Managers: Mr. Prasad Padala
Mr. Pradeep Kesavan is the dedicated fund manager for overseas securities
Benchmark :NIFTY 500 TRI
Exit Load : For Ongoing basis: 1% of the applicable NAV - If units purchased or switched in from another scheme of the fund are redeemed or switched out on or before 1 year from the date of allotment.
NIL - If units purchased or switched in from another scheme of the fund are redeemed or switched out after 1 year from the date of allotment.
For more details and Investment
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