by Dileep Ramachandran, Mutual Funds
18 May , 2018

New Fund Offers from SBI Mutual Fund

                        SBI Dual Advantage Fund-Series –XXVIII

SBI Mutual Fund launched a new scheme called SBI Dual Advantage Fund –Series- XXVIII 

Type of Scheme –A Close-ended hybrid scheme

Tenure of Scheme-1100 days

Benchmark-Crisil MIP Blended Fund Index                 

NFO Period-May 14, 2018- May 28, 2018

Plans/Options offered-The scheme would have two plans, Direct and Regular plan. Both Plans have two options, Growth and Dividend.Dividend option has the facility of payout and transfer. Dividend transfer facility available for NFO investors only.

Minimum application amount- Rs.5000/- and in multiples of Rs.1 thereafter.

About SBI Dual Advantage Fund-Series –XXVIII

SBI Dual Advantage Fund –Series- XXVIII is 1100 days close-ended hybrid scheme. The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme.

The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity and equity related instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Investment Type

SBI Dual Advantage Fund –Series- XXVIII to combine the benefits of equity and debt asset classes. A hybrid scheme endeavors to reduce the volatility of equity asset class and low return of the debt asset class.

Asset Allocation of SBI Dual Advantage Fund-Series –XXVIII

Instrument

Asset Allocation (%)

 

Minimum

Maximum

Debt and debt related instruments

55%

95%

Money market instruments

0%

10%

Equity and equity related instruments including derivatives

5%

35%

 

Advantages of Investing in SBI Dual Advantage Fund-Series –XXVIII

Quality Debt Portfolio-High quality debt securities endeavor to minimize credit risk matching maturity reduces interest rate risk. Investment in AA and above rated securities only.

Growth Potential-Primarily focused on companies that have demonstrated characteristics such as good market leadership, strong financials, and quality management. Equity portion will be actively managed.

Tax efficiency-Avail indexation benefits and thereby potential tax-efficient returns.

The Fund is Suitable for the Investors

Investors with low to medium risk capacity

High net worth individuals

First time Mutual Fund investors who would like to enjoy the debt returns with an additional equity upside.

An investor who is looking income as well as capital appreciation.


 About The Author

Dileep Ramachandran, Research Analyst with more than 4 years of total experience in the area of Equity and Mutual Fund Research.

 

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