Mutual Fund NFO: Asset management company SBI Mutual Fund has introduced a new sectoral/thematic fund in the equity category. Subscription of SBI MF’s new scheme SBI Quant Fund has opened from December 4 and will close on December 18, 2024.
Minimum investment Rs 5,000
You can start investing in SBI Quant Fund with a minimum of Rs 5,000. The benchmark index of this scheme is BSE 200 TRI. The fund managers of the scheme are Sukanya Ghosh and Pradeep Kesavan (Overseas Fund).
Who can invest
This can be a better option for investors looking for an option to create wealth in the long term. The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments on an in-house quant model.
What is a Quant Fund?
Quant funds or quantitative mutual funds use quantitative analysis to make investment decisions. SBI Quant Fund uses an in-house multi-factor model that incorporates factors such as momentum, value, quality and growth to optimize performance across different market cycles.
Wealth will be created in the long term
SBI Quant Fund provides investors with a strategic opportunity to diversify their portfolio and achieve better risk-adjusted returns. This scheme can be a better option for long-term capital appreciation.
Load
Exit load of 0.5% will be applicable if units purchased or switched out from another scheme of the fund are redeemed or switched out on or before 6 months from the date of allotment. Exit load will be zero if units purchased or switched out from another scheme of the fund are redeemed or switched out after 6 months from the date of allotment.
