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SBI Mutual Fund launches SBI Equity Opportunities Fund - Series I


Mumbai (5th Sept, 2014): SBI Mutual Fund, one of India’s largest mutual fund houses, today announced the launch of SBI Equity Opportunities Fund – Series I, a 36-month close-ended equity scheme. The Fund under a normal circumstances, will invest 80% to 100% of the total assets in Equity & Equity-related instruments and up to 20% in Debt and Money Market instruments.

The NFO period of SBI Equity Opportunities Fund - Series I starts from September 11, 2014 – September 25, 2014.
The investment strategy of SBI Equity Opportunities Fund - Series I is to invest in a well-diversified portfolio of equity and equity related securities across market capitalization and sectors.  The fund would endeavor to participate in the all-round growth of the Indian economy and for this the fund manager will identify the stocks that would benefit from the growth of the Indian economy. The close-ended nature of the scheme would allow the fund manager the flexibility to execute the investment strategy effectively over the tenure of the scheme and it will help the Fund Manager in selecting companies which have good potential for long term growth prospects.

To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time for hedging and rebalancing purposes, in the manner permitted by SEBI.

Speaking on the occasion, Mr. Dinesh Khara, MD & CEO, SBI Mutual Fund said, “We at SBI Funds Management are happy to introduce an investment solution in SBI Equity Opportunities Fund - Series I, which has no bias to any specific segment. However, current opportunities available in the equity market, predominantly lie in the mid & small cap segment. Improving macro-economic indicators, which has already brought cheer to market sentiments, and now promising better economic growth prospects and the stable central government with it’s clearly articulated policy framework and pro-growth approach leading to enhanced economic activity in the country are the twin reasons which would allow HNIs and Investors to benefit from SBI Equity Opportunities Fund Series I.”

Further explaining the rationale for investment in SBI Equity Opportunities Fund Series I, Mr. Khara said: “The closed ended nature of the fund would allow the fund manager far more flexibility to create a portfolio with long term view and invest into stocks with a three year perspective, especially with potential opportunities arising from structural trends like home improvement, e-commerce, imports substitution & manufacturing exports, defense, and education.’’

Mr. Navneet Munot, CIO, SBI Mutual Fund said, SBI Equity Opportunities Fund - Series I, with its flexible investment mandate is well placed to take advantage of the emerging opportunities across market cap. A 3-year close-ended fund offers ability to the fund manager to identify the best stock ideas with a long term orientation. Historically, over long term, small and mid-cap investment ideas have provided superior returns compared to large caps, attributable to inefficient price discovery owing to lower analyst coverage and lower activity levels.

Mr. Dharmendra Grover, who has 20 years of experience in Indian equity markets in various capacities, is the Fund Manager for SBI Equity Opportunities Fund Series I. The scheme is benchmarked against S&P BSE 500 and has two plans viz. Direct Plan & Regular Plan with both of them offering Growth and Dividend option.


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