SBI Mutual Fund News

The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty 500 Index and up to 5% in Government securities (like G-Secs, SDLs, treasury bills and any other like instruments as specified by the RBI from time to time), including triparty repo and units of liquid mutual fund. 

The SBI Innovative Opportunities Fund Offer opens on Monday, July 29, 2024, and closes on Monday, August 12, 2024

You can invest in the SBI Balanced Advantage Fund from 12 August to 25 August if you want to invest in the New Fund Offer period. You can go to the official website of the bank to invest in the newly launched mutual fund. SBI Mutual Fund’s Balanced Advantage Fund will be managed by Dinesh Balachandran and Gaurav Mehta when it comes to the fund’s investment in equities.

The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.

Retirement savings manager EPFO will take up the matter of stepping up its investment in the stock market to up to 15 percent at its next meeting in Pune on Saturday.

Union Labour Minister Bandaru Dattatreya today said that EPFO will raise proportion of its investments in exchange traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal would be taken very soon.

Seven asset managers -- SBI Mutual Fund, ICICI Prudential, Reliance Capital, HDFC, LIC, UTI and Kotak Mahindra -- are in the race to manage retirement fund body EPFO's investment in stock markets in the current fiscal.

With the retirement fund body EPFO bruising its hands on debut in stock market, an irony of sorts has emerged in its allocation of funds -- more money was invested in SBI's Nifty ETF but returns turned poorer.

State Bank of India (SBI) proposes to launch FTSE-SBI India Bond Index in association with FTSE TMX Global Debt Capital Markets in order to track Indian fixed income securities.

Assets under management (AUM) of SBI Mutual Fund has crossed Rs 98,000 crore and is soon likely to cross Rs 1 trillion-mark, its managing director said Friday.

SBI Mutual Fund (SBI MF) Wednesday said it plans to launch two more exchange-traded funds (ETF) to ramp up its bouquet of such offerings by the end of the fiscal, for which regulatory approvals are already in place.

SBI Mutual Fund on Thursday said it has launched an inflation indexed bond fund (IIBF) offering which is aimed at investors with low to medium risk profile looking at a hedge against price rise.

SBI Mutual Fund is eyeing entry in the top-5 club of the domestic mutual fund sector by financial year 2015.

SBI Mutual Fund announced the launch of SBI Equity Opportunities Fund - Series I, a three-year close-ended equity scheme, here today.