SBI Mutual Fund brought SBI Innovative Opportunities Fund. The objective of this open-ended equity scheme is to provide long-term capital appreciation to investors. It will invest primarily in equity and related instruments of various companies, at least 80 to 100 percent of its assets. The benchmark of this fund is Nifty 500 TRI. The new fund offer opened on July 29. It will be closed on August 12.
Shamser Singh, Managing Director and CEO of SBI Funds Management Limited, said, “We are moving towards a developed India. Several initiatives like ‘Start Up India’ and ‘Atal Innovation Mission’ have been taken by the government in various sectors. The age of digital innovation is now. With that in mind, this latest initiative of the SBI Innovative Opportunities Fund, where investors will get a great opportunity to invest in companies that are ahead in the competitive market.” SBI Opportunities Fund Manager Prasad Padala and Pradeep Kesavan.
On the other hand, DP Singh, Deputy MD and Joint CEO of SBI Funds Management Limited, opined, “The use of technology in the private sector has been widespread in government activism. As a result, new start-ups are coming up. I think the more digital technology innovation expands, the more our country will improve, leading on the world map. Our SBI Innovative Opportunities Fund will come in handy for investors. Soon it will become the identity of next-gen India.”
