SBI Mutual Fund is all set to launch a new equity fund called the Emerging Business Sector Fund. The IPO period for this fund would be for 26 days from August 23 to September 17, 2004. After that the fund would reopen for continuous sale and repurchase on a daily basis from October 11, 2004.
The minimum subscription amount in the fund would be Rs 2,000 and thereafter investments would have to be in multiples of Rs 500. During the IPO period there would be no entry load charged but a CDSC of 1 per cent (for investments upto Rs 25 lakh) or 0.5 per cent (for investments between Rs 25 lakh and Rs 50 lakh) would be charged in case IPO investors decide to exit within 3 months from the date of allotment of units. On an ongoing basis, an entry load of 2 per cent of the NAV would be charged only on investments upto Rs 25 lakh. However, there would be no exit load or CDSC charged on redemption of investments.
The fund seeks to invest atleast 90 per cent in equity or equity-related instruments including derivatives across diversified sectors and the rest of the corpus would be invested in Money Market instruments for purposes of maintaining liquidity. Its equity investments would be of medium to high risk profile as they would primarily focus on emerging business opportunities whether on the domestic front or in the export/outsourcing sphere.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
