SBI Energy Opportunities Fund Allotment Date, Minimum Investment & More

News: The SBI Energy Opportunities Fund has been making waves in the investment world. If you’re curious about this fund, read on to discover key details that matter to investors.

What is the SBI Energy Opportunities Fund?

The SBI Energy Opportunities Fund is an open-ended equity scheme that revolves around the energy theme. But what does that mean? Let’s break it down:

Equity Scheme: This fund invests primarily in stocks of companies related to energy. These companies could be involved in activities like exploration, production, distribution, transportation, and processing of both traditional and new energy sources.

NFO Collection Success

The fund recently launched its New Fund Offer (NFO), which was open for subscription from February 6 to February 20. And guess what? It managed to collect over Rs 6,700 crore during this period!

Half a Million Applications: Investors from all corners of the country showed interest, with nearly half a million applications pouring in. That’s a lot of trust in the SBI Mutual Fund brand!

Investment Objective

So, why should you consider investing in this fund? Here’s the scoop:

Long-Term Capital Appreciation: The SBI Energy Opportunities Fund aims to provide investors with opportunities for long-term capital appreciation. In simple terms, it wants your money to grow over time.

Key Fund Details

Let’s get into specifics:

1. Benchmark: The fund’s performance will be measured against the Nifty Energy TRI index.

2. Fund Managers: The brains behind this fund are Raj Gandhi and Pradeep Kesavan.

3. Minimum Application Amount: You can start with just Rs 5,000, and additional investments can be made in multiples of Re 1.

4. Exit Load: If you redeem your units within a year of allotment, there’s a 1% exit load.

Who Should Consider It?

This fund is suitable for investors who:

• Want exposure to companies in the energy sector (both traditional and new).
• Believe in the growth potential of Aatmanirbhar Bharat (India’s self-reliant energy theme).

About SBI :

The State Bank of India (SBI), headquartered in Mumbai, Maharashtra, is a Fortune 500 company and an Indian Multinational, Public Sector Banking and Financial Services statutory body. Here’s what you need to know:

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Rich Heritage and Legacy:

• With over 200 years of history, SBI stands as the most trusted bank by Indians across generations.
• It holds the distinction of being the largest Indian bank, commanding 1/4th market share.
• SBI’s core values include Service, Transparency, Ethics, Politeness, and Sustainability.

Global Presence:

• SBI operates across time zones through 235 offices in 29 foreign countries.
• Its undeterred focus on innovation and customer-centricity has made it a force to reckon with.

Diversified Businesses:

Beyond traditional banking, SBI has successfully diversified into various subsidiaries:

• SBI General Insurance
• SBI Life Insurance
• SBI Mutual Fund
• SBI Card

Frequently Asked Questions (FAQ)

1. What is the SBI Energy Opportunities Fund?

The SBI Energy Opportunities Fund is an open-ended equity scheme that focuses on energy-related stocks. It invests in companies involved in energy exploration, production, distribution, transportation, and processing.

2. When was the NFO for this fund launched, and how successful was it?

The New Fund Offer (NFO) for the SBI Energy Opportunities Fund was open for subscription from February 6 to February 20. During this period, it collected over Rs 6,700 crore from nearly half a million applications.

3. What is the investment objective of this fund?

The primary goal of the SBI Energy Opportunities Fund is to provide investors with opportunities for long-term capital appreciation.

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