An open-ended equity scheme
SBI Mutual Fund has filed offer document with Sebi to launch SBI Shariah Equity Fund, an open-ended equity scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective of the scheme is to provide medium to long term capital gains by investing in Shariah compliant equity & equity related instruments.
Options/plans: Growth and dividend (payout, reinvestment & transfer of dividend) options under both regular plan and direct plan.
Benchmark: S&P BSE 500 Shariah Index
Entry Load - Not Applicable
Exit Load -
For exit within one year from the date of allotment -1%
For exit after one year from the date of allotment - Nil
Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter.
Minimum Target Amount: Rs 10 crore
Asset Allocation: The scheme shall invest 90-100% in equity and equity related instruments under the shariah compliant universe and up to 10% in cash and money market instruments*.
* The fund will invest in money market instruments only if they are approved by the Shariah Board.
The scheme shall not invest in ADR/ GDR/ foreign securities.
The scheme shall not invest in derivatives.
The scheme shall not invest in repo in corporate debt
Fund Manager: Ruchit Mehta
SBI Mutual Fund has filed offer document with Sebi to launch SBI Shariah Equity Fund, an open-ended equity scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective of the scheme is to provide medium to long term capital gains by investing in Shariah compliant equity & equity related instruments.
Options/plans: Growth and dividend (payout, reinvestment & transfer of dividend) options under both regular plan and direct plan.
Benchmark: S&P BSE 500 Shariah Index
Entry Load - Not Applicable
Exit Load -
For exit within one year from the date of allotment -1%
For exit after one year from the date of allotment - Nil
Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter.
Minimum Target Amount: Rs 10 crore
Asset Allocation: The scheme shall invest 90-100% in equity and equity related instruments under the shariah compliant universe and up to 10% in cash and money market instruments*.
* The fund will invest in money market instruments only if they are approved by the Shariah Board.
The scheme shall not invest in ADR/ GDR/ foreign securities.
The scheme shall not invest in derivatives.
The scheme shall not invest in repo in corporate debt
Fund Manager: Ruchit Mehta