MUTUAL FUNDS
SBI Mutual Fund files offer document for US Equity Feeder Fund
Dec-12-2018

SBI Mutual Fund has filed offer document with SEBI to launch open-ended fund of funds scheme named ‘SBI US Equity Feeder Fund ’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit Load on or before 1 year from the date of allotment will be 1.00% and for exit after 1 year from the date of allotment will be Nil.

The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore. The performance of the schemes will be benchmarked by S&P 500 index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1.

The investment objective of the scheme seeks is to provide long term capital appreciation by investing predominantly in units of Amundi Funds II – US Pioneer Fund (AF II - UPF). The scheme may also invest a certain portion of its corpus in money market instruments and/or money market/liquid schemes of SBI Mutual Fund, to meet liquidity requirements from time to time.

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