Review of SBI One India Fund MF

SBI Mutual Fund (MF) on Wednesday announced the launch of 'SBI One India Fund' that would primarily invest in diversified equity stocks of companies across all four geographical regions of India and in debt and money market instruments.

"SBI One India Fund is a close-ended growth fund that would primarily focus on investing at least 15 per cent and not more than 55 per cent of its equity exposure in each of the four regions," said SBI MF's Head of Equity, Sanjay Sinha here, while launching the new fund.

"The new fund will benchmark itself against BSE 200 index, a tough index to outperform," Sinha said adding "but a study by SBI MF had shown that stocks picked region wise from the index in a particular year had outperformed BSE 200."

The portfolio of stocks selected from each region, would have a healthy mix of large, midcap and smallcap stocks. The 'One India Fund' would pick 15 stocks from each region.

The fund would invest a minimum of 70 per cent in equity/equity-related instruments and the balance 30 per cent in a mixture of debt and money market instruments.

The scheme, which opens for subscription from November 24 and closes on December 22 will have a minimum application amount of Rs 5,000 and in multiples of Re 1.

The new fund would be an aggregate of the four regional multicap funds.

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