SBI MF offers Capital Protection Oriented Fund

PFW Bureau / Oct 16

SBI Mutual Fund has launched SBI Capital Protection Oriented Fund Series – 1, the first capital protection oriented fund by the fund house. The close-ended fund, with a 5-year maturity period, would be benchmarked to CRISIL MIP Blended Index.

The New Fund Offer (NFO) opened on October 15, 2007 and it would close on November 23, 2007. The main objective of the fund would be an endeavour to protect the capital invested, through focussed investments in debt and money market instruments as well as equity. It also seeks to provide investors with opportunities for a long-term growth in capital.

SBI Capital Protection Oriented Fund Series I have been assigned an AAA (so) rating by Crisil. The minimum investment limits of the fund would be Rs. 5,000 and in multiples of Rs. 1 thereafter. The scheme has growth option only.
The asset allocation pattern under normal circumstances would be –

After the launch of the fund, S Shahabuddin, MD & CEO, SBI Mutual Fund said that weighing up the volatility of the current market with the actual risk appetite of the domestic investors has led the fund house to launch this fund. Protecting the capital invested would always remain as a vital parameter of the scheme investment portfolio.