Change in fundamental attributes for SBI Multi Asset Allocation Fund

SBI Mutual Fund has announced some fundamental changes in its SBI Multi Asset Allocation Fund. The type of scheme will change from " open-ended scheme investing in equity, debt, gold & gold related instruments" to " open-ended scheme investing in equity, fixed income, gold or silver related instruments".

The fund will also change its bechmark from "CRISIL 10-year Gilt index(45), Nifty 50 TRI(40) and Price of Gold(15)" to " S&P BSE 500 TRI(45), CRISIL Composite bond Fund Index(40), Domestic prices of Gold(10) and Domestic prices of Silver(5)". These changes will come into effect from October 30, 2023.