SBI Energy Opportunities Fund NFO: Should you invest?

SBI Mutual Fund , the country's largest mutual fund, with assets of around Rs 8.5 lakh crore, is coming out with its latest offering, the SBI Energy Opportunities Fund. The fund opened for subscription on February 6, 2024 and will carry on until February 20, 2024. NFO snapshot Fund name SBI Energy Opportunities Fund SEBI category Sectoral/Thematic NFO period February 6, 2024 to February 20, 2024 Investment objective The fund will look to benefit from the growth in traditional and new energy sectors and allied business activities. Benchmark Nifty Energy TRI Fund managers Raj Gandhi and Pradeep Kesavan (Overseas securities) Exit load 1 per cent (of applicable NAV) if units are redeemed or switched-out wiithin 1 year from the date of allotment. Nil thereafter. Tax treatment Same as any other equity fund. If units are sold after one year: Gains beyond Rs 1 lakh are taxed at 10 per cent. (However gains up to 1 lakh in a financial year is tax exempt). If units are sold within one year: 15 per cent