SBI Mutual Fund launches SBI Dual Advantage Fund Series III

The NFO period of SBI Dual Advantage Fund Series III starts from May 29, 2014 – June 12, 2014.

May 30, 2014 9:04 IST | India Infoline News Service
SBI Mutual Fund, one of Indias largest mutual fund houses today announced the launch of SBI Dual Advantage Fund Series III, a 36-month close-ended debt-oriented hybrid fund. The scheme under a normal circumstances, will invest 10% to 20% of the assets in Equity & Equity-related instruments and 80% to 85% in Debt securities/ Fixed income. Under this scheme, Investor can also avail indexation benefits & thereby potential tax efficient returns as per current tax law.

The NFO period of SBI Dual Advantage Fund Series III starts from May 29, 2014 June 12, 2014.

The investment strategy of SBI Dual Advantage Fund Series III is to invest the entire range of debt instruments with AA and above rated securities, that are maturing on or before the maturity of the scheme, and adopt a mix of bottom-up and top-down approach for actively managing the residual Equity portion to generate overall  potential returns. The scheme will primarily focus on companies that have demonstrated characteristics such as market leadership, strong financials and quality management.

Speaking on the occasion,  DP Singh, ED & CMO, Domestic Business, SBI Mutual Fund said  In quest to invest hard-earned money, investors are often faced with an investing dilemma that forces them to choose between income and growth. SBI Mutual Fund understands this need and therefore has launched a unique fund, SBI Dual Advantage Fund - Series III. This fund gives investors an opportunity to grow by endeavouring to minimize credit risk & matching maturity reduces interest rate risk. 

Rajeev Radhakrishnan, Head Debt, SBI Mutual Fund said, A Hybrid scheme like SBI Dual Advantage Fund - Series III, endeavors to combine the benefits of different asset classes viz. Equity and Debt. The scheme endeavours to reduce the volatility of equity asset class and low return of debt asset class. It seeks to ensure a high accrual through investments in debt securities, while simultaneously seeking to ensure capital appreciation through investments in equity instruments.

The scheme is benchmarked against Crisil MIP Blended Fund Index and has two plans viz Direct Plan & Regular Plan with both of them offering Growth and Dividend option. The fund is suitable for investor with low to medium risk appetite, to HNIs who are in highest tax bracket, to first time mutual fund investors and investors who are looking for income as well as capital appreciation.

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