SBI Capital Protection Oriented Fund – Series A – Plan 6

SBI Capital Protection Oriented Fund - Series A - Plan 6

SBI Capital Protection Oriented Fund

SBI Mutual Fund has launched a new fund offer on 12th September 2019. It is a closed-ended CPO scheme. The name of the scheme is the SBI Capital Protection Oriented Fund. SBI CPO fund is the 6th plan in series A. It will close on 26th September 2019. 

 Sr. No  Scheme Name  Scheme Category  ISIN  Allotment date
 1  SBI CAPITAL PROTECTION ORIENTED FUND SERIES A (PLAN 6) – REGULAR GROWTH  DEBT  INF200KA1K79  04/10/2019
 2  SBI CAPITAL PROTECTION ORIENTED FUND SERIES A (PLAN 6) – DIRECT GROWTH  DEBT  INF200KA1K87  04/10/2019

The scheme is available in regular growth and direct growth plans. These are the debt instrument schemes. Both, SBI CPOF direct growth and regular growth plans will be allotted on 4th October 2019. 

Basic Details of SBI CPO Fund Plan 6

 Fund Period Sep 12, 2019– 26th September 2019
 Fund Name SBI Capital Protection Oriented Fund Series A (Plans 6)
 Minimum Application amount  Rs 5000 and in multiples of Re 1 thereafter
 Benchmark  CRISIL Hybrid 85+15- Conservative Index
 Fund Managers   Rajeev Radhakrishnan and Ruchit Mehta
 Type  Closed-end Capital Protection Oriented Scheme

Highlights of NFO:

The maturity of the scheme is 1350 days from the allotment date. The offer price for the scheme is Rs 10 per unit.  It is a closed-ended type scheme. 

Investors will need to invest a minimum of Rs 5,000 and in multiples of Rs 1 thereafter. 

The objective of the Fund

The primary objective of the fund is to protect the capital by investing in high-quality fixed-income securities that are mature on or before the date of maturity of the scheme. The second objective is a general capital appreciation by investing in equity and equity-related instruments. 

SBI Capital Protection Oriented Fund plan 6 will manage by Mr. Rajeev Radhakrishna and Mr. Ruchit Mehta. 

Exit and Entry loads are nill for this scheme. The performance of the scheme will benchmark by CRISIL Hybrid 85+15- Conservative Index.

The SBI’s NFO is suitable for the investors who are seeking a close-end fun for medium to long term by investing in fixed income instruments to protect capital and invest in equity and equity-related instruments for capital appreciation. 

Asset Allocation Pattern:

Instruments  Indicative Allocations (% of total assets)Minimum-Maximum  Risk ProfileHigh/Medium/Low
Debt instruments (including Debt derivatives) and Money Market Securities (Including Tri-party Repo, Reverse repo)  80% 100%  Low to Medium
Equity and Equity related instruments (including derivatives and ETFs)  0% 20%  High

About SBI Mutual Fund:

SBI Mutual Fund is a fund house in India. It is a commercial enterprise undertaken jointly by state bank of India, an Indian multinational, public sector banking and financial services company. SBI became the first Non-UTI Mutual Fund in India. Assets under management of SBI Mutual Funds have valued at Rs. 2,33,114 crores in 2018.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are regulated to market risk. Please read the offer document carefully and consult your investment adviser before investing in this NFO.

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