SBI Mutual Fund announced the launch of SBI Multi Cap Fund. The fund will invest 25% each in large, mid, and small cap stocks. The fund can invest up to 10% in REITs and InvITS and up to 25% in debt securities. The NFO opens on February 14 and closes on February 28, 2022.
- Fund Manager: R. Srinivasan & Mohit Jain (Dedicated Fund Manager for overseas securities
- Benchmark: NIFTY 500 Multicap 50:25:25 TRI Index
- Minimum Application: Rs 5,000 and Rs 500 for SIP
- Exit Load: Nil if redeemed or switched before one year for up to 10% units. 1% if redeemed in excess of 10% units. Nil after one year