SBI Mutual Fund launches a three year close ended fund called SBI Infrastructure Fund Series-I, which would be converted into an open ended fund upon the expiry of three years.
The fund's investment criteria would be to invest in equity stocks of those companies which are either directly or indirectly engaged in infrastructure growth in the Indian economy and aims at long term growth in capital.
The equity component of the portfolio will range from 65% to 100%. Out of this, a maximum of 50% exposure can be made in derivatives instruments in order to balance portfolio and exploring opportunities to enhance returns.
Debt and money market securities will be in the 0%-35% range.
Snapshot
Scheme: Close-ended equity scheme
Face Value: 10
Fund opens: May 11, 2007
Fund closes: June 8, 2007
Options: Growth, Dividend Option with re-investment and payout facility
Entry load: Nil
Exit load: Nil
Minimum application amount: Rs 5,000
Fund Managers: Jayesh Shroff
Benchmark Index: BSE 100 Index
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