The fund opened for subscription on February 6, 2024 and will carry on until February 20, 2024
This sectoral fund will look at energy companies. It will be the first such fund in India to purely focus on the energy sector.
The SBI Energy Opportunities Fund will be benchmarked against the Nifty Energy TRI.
Per the fund house, there will be around 90–95 stocks in the overall investment universe. The fund, meanwhile, is likely to run a portfolio of around 20–25 stocks.
Raj Gandhi will be in charge of managing the domestic allocation, and Pradeep Kesavan will be in charge of managing foreign securities. (The fund will invest overseas, too)
This will be the first fund to be managed by Gandhi. Kesavan, meanwhile, manages the SBI International Access-US Equity FoF fund.
It is a sectoral fund. They are highly volatile. Instead, opt for diversified equity funds. However, if you are too keen, put only 5–10 per cent of your money in this fund.