SBI Mutual Fund launches SBI Innovative Opportunities Fund

NFO period: 29^th July – 12^th August, 2024

Highlights of the NFO:

• Scheme type – An open-ended equity scheme following the 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 seeks to benefit from adoption of innovative strategies & theme. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term Capital appreciation by investing in equity and equity related instruments of companies engaged in and/or expected to benefit from adoption of innovative strategies & theme.


• Minimum Application Amount – First investment is Rs.5,000/- and in multiples of Rs.1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth and Income Distribution cum capital withdrawal (IDCW) option. Under the IDCW option, facility for Payout of Income Distribution cum capital withdrawal option (IDCW Payout), Reinvestment of Income Distribution cum capital withdrawal option (IDCW Re-investment) & Transfer of Income Distribution cum capital withdrawal plan (IDCW Transfer).


• Fund Manager – Mr. Prasad Padala and Mr. Pradeep Kesavan


• Benchmark – Nifty 500 TRI