Good news for SBI bank customer’s. If you’re looking to achieve significant returns through mutual fund investments, this information may be helpful to you. Indeed, SBI Mutual Fund, among the largest mutual fund houses in the nation, has revealed the introduction of a new fund offer termed SBI Quant Fund. Introduced as SBI Quant Fund, the program is an open-ended equity scheme centered around a quant-driven investment strategy. The subscription for this new fund offer began on December 4 and will end on December 18, 2024.
Investment begins at Rs 5000
SBI MF states that investments in SBI Quant Fund can begin with a minimum of Rs 5,000 during the initial NFO period. The minimum requirement for extra investment is Rs 1,000. The managers of this fund are Sukanya Ghosh and Pradip Kesavan (Overseas Fund).
What’s available?
Quantitative funds or quant mutual funds utilize quantitative analysis to determine investment choices. SBI Quant Fund will implement a multi-factor investment strategy for distribution among 4 style categories (Momentum, Value, Quality, and Growth). Regarding stock selection, the fund invests in the top 200 firms according to their market capitalization.
Within this framework, each of the 200 companies will be assessed based on momentum, value, quality, and growth elements. A combined ranking will subsequently be generated, featuring a weighted score that spans from 1 to 200, where 1 represents the highest quality.
Highlights of SBI Quant Fund NFO
NFO dates- December 4 to December 18, 2024.
Minimum investment – Rs 5,000.
Benchmark- BSE 200 TRI
Risk Level- Very High
Fund Managers: Sukanya Ghosh and Pradip Kesavan.
Exit load – 0.5% within 6 months, no exit load after 6 months
