SBI Mutual Fund has launched a New Fund Offer (NFO) for SBI Equity Minimum Variance Fund. The NFO began on March 02, 2019 and will end on March 12, 2019. The scheme will reopen for continuous purchases and sales within 5 business days from the date of unit allotment. The scheme aims to provide long term capital appreciation to its investors by investing in a diversified basket of companies in NIFTY 50 Index while aiming for minimizing the portfolio volatility.
Asset Allocation of SBI Equity Minimum Variance Fund
Under normal circumstances, the asset allocation of the SBI Equity Minimum Variance Fund will be as follows:
|
Asset Class |
Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related instruments | 90% | 100% |
| Debt and money market instruments including units of mutual fund | 0% | 10% |
This scheme from SBI Mutual Fund may invest in repo/reverse repo in corporate debt/bonds, American Depositary Receipt (ADR), Global Depositary Receipt (GDR), foreign securities, foreign and domestic securitized debt. The scheme may also engage in stock lending and borrowings as permitted under SEBI regulation. However, it will not participate in short selling.
Benchmark of SBI Equity Minimum Variance Fund
The SBI Equity Minimum Variance Fund will be benchmarked against NIFTY 50 Index. The return details of the index are as follows:
| Index | 1 Year Return | 3 Year Return | 5 Year Return |
| NIFTY 50 Index – TRI | -0.35% | 14.20% | 13.61% |
(Data as on January 31, 2019; Source: Pulse Labs)
Fund Manager of SBI Equity Minimum Variance Fund
The SBI Equity Minimum Variance Fund will be managed by Mr. Raviprakash Sharma.
Key information about SBI Equity Minimum Variance Fund NFO
| NFO period | March 02, 2019 – March 12, 2019 |
| Minimum application amount | Rs. 5,000 |
| Exit load | 1% – For exit within 1 year from the date of allotment
Nil – For exit after 1 year from the date of allotment |
| Benchmark | NIFTY 50 Index (TRI) |
| Fund Manager | Raviprakash Sharma |
Other Funds by SBI Asset Management
| Scheme Name | 3Y Returns (%) | AUM (Rs. Cr.) | Category |
| SBI Banking & Financial Services Fund | 20.39 | 500.15 | Sectoral/Thematic Fund |
| SBI Technology Opportunities Fund | 17.94 | 84.44 | Sectoral/Thematic Fund |
| SBI Focused Equity Fund | 17.08 | 2681.22 | Multi Cap Fund |
| SBI Small Cap Fund | 14.65 | 836.02 | Small Cap Fund |
| SBI Equity Hybrid Fund | 13.09 | 23581.16 | Aggressive Hybrid Fund |
| SBI Consumption Opportunities Fund | 13.09 | 587.72 | Sectoral/Thematic Fund |
| SBI Magnum Equity ESG Fund | 12.63 | 2172.13 | Sectoral/Thematic Fund |
| SBI Nifty Index Direct Plan | 11.73 | 281.99 | Large Cap Fund |
| SBI Large & Midcap Fund | 11.38 | 2319.13 | Large & Mid Cap Fund |
| SBI Magnum MultiCap Fund | 10.95 | 5165.61 | Multi Cap Fund |
| SBI Gold Direct Plan | 10.84 | 365.52 | Gold Funds |
| SBI Magnum Constant Maturity Fund | 10.36 | 475.78 | Gilt Fund with 10 year constant duration |
| SBI Magnum Global Direct Plan | 10.32 | 3603.5 | Sectoral/Thematic Fund |
| SBI Bluechip Direct Plan | 9.57 | 19087.74 | Large Cap Fund |
| SBI Magnum Medium Duration Fund | 9.41 | 1701.34 | Medium Duration Fund |
| SBI Dynamic Asset Allocation Fund | 9.2 | 161.76 | Dynamic Asset Allocation |
| SBI Magnum Gilt Fund | 9.14 | 2184.65 | Gilt Fund |
| SBI Magnum Income Direct Plan | 9.1 | 1907.63 | Medium to Long Duration Fund |
| SBI Dynamic Bond Direct Plan | 8.98 | 1970.96 | Dynamic Bond Fund |
| SBI Banking and PSU Fund | 8.81 | 2002.03 | Banking and PSU Fund |