SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund. The scheme opened for public subscription on February 06, 2024, and will close on February 20, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

What kind of mutual fund scheme is this?

This is an open-ended index equity scheme following the energy theme. This product is suitable for investors seeking

• Long-term capital appreciation.
• Investment in equity and equity-related instruments of companies engaged in and/or expected to benefit from the growth in traditional, new energy sectors and allied business activities.

What is the main objective of investing in this fund?

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 engaging in activities such as exploration, production, distribution, transportation, and processing of traditional and new energy including but not limited to sectors such as oil & gas, utilities, and power. However, there can be no assurance that the investment objective of the scheme will be realized.

How may one invest in this scheme?

Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment. Readmore

Source By: livemint

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