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SBI Mutual Fund launches SBI Dual Advantage Fund - Series V


Mumbai (Nov3, 2014): SBI Mutual Fund, one of India’s largest and oldest mutual fund houses, announced the launch of  SBI Dual Advantage Fund - Series V (1111 days), a close-ended hybrid fund. 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

The NFO period of SBI Dual Advantage Fund - Series V began from October 31, 2014 – November 14, 2014.

Speaking on the occasion, Mr. Dinesh Kumar Khara, MD & CEO, SBI Mutual Fund said “We at SBI Mutual Fund have always believed in offering the best of products at the right time considering our customers' needs.The SBI Dual Advantage Fund – Series V provides an opportunity for investors - across HNIs, retail and first-time investors - to get the benefit of upside in equity markets, a quality debt portfolio as well as tax efficient returns. As such, this is a unique fund that tries to give investors the opportunity to maintain stability and grow their wealth through fixed income and equity at the same time. ”
Mr. Rajeev Radhakrishnan, Head Debt, SBI Mutual Fund said, “The scheme endeavours to  ensure a moderately higher accrual through investments in debt securities, while simultaneously seeking to ensure capital appreciation through investments in equity instruments. The debt portion would be invested in bonds that match the tenure of the scheme seeking to ensure both accrual income as well as minimisation of interest rate risk for investors.”

The fund will invest in a diversified portfolio of equity and equity-related instruments with focus on companies which have demonstrated characteristics such as market leadership, strong financials and quality management. The scheme,  under normal circumstances, will invest upto 20% of the assets in Equity & Equity-related instruments and 80% to 85% in in fixed income / debt securities. The investment in debt instruments will be made in AA or above rated securities. Under this scheme, Investor can also has Flexibility to invest in the entire range of debt instruments.The scheme is benchmarked against Crisil MIP Blended Fund Index and has two plans viz Direct Plan & Regular Plan with both of them offering Growth and Dividend option. The fund is suitable for investorwith low to medium risk appetite, one who is looking forregular returns and as well as capital appreciation. The fund is also suitable to HNIs who are in highest tax bracket as well as first time mutual fund investors who would like to enjoy the debt returns with an additional equity upside.

Minimum Investment size: INR 5,000/- and in multiples of INR 1/- thereafter.