Infrastructure fund from SBI Mutual
By Our Banking bureau | 11 May 2007
The new fund offer opens on May 11 and closes June 8. The minimum application for the scheme is Rs5,000. The fund will have growth and dividend investment options.
Fund officials said the fund will have a top-down approach to identify and create a diversified portfolio of companies and will have no sectoral or market capitalisation bias.
The fund will
invest a minimum of 65 per cent in equity and equity-related instruments, including
derivatives, and the balance may be invested in a mixture of debt and money market
instruments. The fund
has been benchmarked against the BSE 100 index. The fund may also invest up to
10 per cent of its corpus in private equity or unlisted stocks of companies in
the infrastructure space.