With effect from 15 January 2010
SBI Mutual Fund has announced the conversion of SBI One India Fund, a 3
years close ended Growth Scheme into open ended scheme. The scheme with
a maturity period of 3 years with automatic conversion into open ended
scheme upon maturity shall be converted into an open ended Growth
Scheme, with effect from 15 January 2010. The Scheme will be available
for continuous sale and repurchase on every business day on applicable
NAV on ongoing basis.
SBI One India Fund has the investment objective to provide
investors with opportunities for long term growth in capital through an
active management of investments in a diversified basket of equity
stocks focusing on all four regions of India and in debt and money
market instruments.