SBI MF launches SBI Banking & Financial Services Fund
11/02/2015 01:17
SBI Mutual Fund today announced the launch of SBI Banking & Financial Services Fund, an open-ended equity scheme that will invest in companies from the banking and financial services sector.
The new fund offer (NFO) will open for subscription from tomorrow and schedule to close on February 24.
The fund would adopt a bottom up stock selection process, and proposes to invest at least 80 per cent of the portfolio in companies cutting across market capitalisation in banking and financial sector.
"SBI Banking & Financial Services Fund is uniquely positioned to take advantage of the possible further strengthening of India's economy," SBI Mutual Fund CIO Navneet Munot said in a satement.
11/02/2015 01:17
SBI Mutual Fund today announced the launch of SBI Banking & Financial Services Fund, an open-ended equity scheme that will invest in companies from the banking and financial services sector.
The new fund offer (NFO) will open for subscription from tomorrow and schedule to close on February 24.
The fund would adopt a bottom up stock selection process, and proposes to invest at least 80 per cent of the portfolio in companies cutting across market capitalisation in banking and financial sector.
"SBI Banking & Financial Services Fund is uniquely positioned to take advantage of the possible further strengthening of India's economy," SBI Mutual Fund CIO Navneet Munot said in a satement.
