SBI Mutual Fund, the largest mutual fund house in the country, has collected over Rs. 6,700 crore through its latest fund offering – SBI Energy Opportunities Fund garnering investments from across the country, receiving almost half a million applications in the NFO. The fund’s appeal extended across the nation, with applications pouring in from widespread locations across the country with all distribution channels contributing handsomely. Notably, the NFO saw a large number of new investors participating which underscores the trust of investors and distributors in the SBI Mutual Fund brand. It also underlines the strong belief that investors have in a multi-decade Aatmanibhar Bharat Energy theme.
The SBI Energy Opportunities Fund is an open-ended equity scheme following the energy theme tracking Nifty Energy TR Index. The scheme would primarily invest 80 – 100% of its assets in equity and equity related instruments of companies engaged in energy (traditional & new) and allied business activities theme. (including equity derivatives) with the balance in other equity & equity related instruments (including equity derivatives), debt securities (including securitised debt & debt derivatives) and money market instruments (including tri-party repos).
The fund managers for the SBI Energy Opportunities Fund are Mr. Raj Gandhi and Mr. Pradeep Kesavan (dedicated fund manager for overseas securities).
