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SBI Mutual Fund launches SBI Equity Opportunities Fund - Series II


Pune (Nov. 18, 2014): SBI Mutual Fund, one of India’s largest mutual fund houses, today announced the launch of SBI Equity Opportunities Fund – Series II, a 36-month close-ended equity scheme. The scheme aims to generate capital appreciation from a diversified portfolio of equity & equity related instruments.

The NFO period of SBI Equity Opportunities Fund - Series II starts from November 17, 2014 – December 01, 2014.

The investment strategy of SBI Equity Opportunities Fund - Series II is to provide long term capital growth by investing 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. 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 are happy to launch the SBI Equity Opportunities Fund, Series – II, which provides investors an opportunity to participate in the India growth story. Improving macro-economic indicators, which has already brought cheer to equity market sentiments, and now the stable government with it’s clearly articulated policy framework and pro-growth approach are the twin reasons which would allow HNIs and retail investors to benefit from this fund.”

Mr. Navneet Munot, CIO, SBI Mutual Fund said, "SBI Equity Opportunities Fund - Series II, with its flexible investment mandate is well placed to take advantage of the emerging opportunities in equity markets. Being a 3-year closed-ended, the fund offers ability to the fund manager to identify the best stock ideas with a long term orientation. Historically, over the 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 II. The scheme is benchmarked against S&P BSE 500 index and has two plans viz. Direct Plan & Regular Plan with both of them offering Growth and Dividend option.