SBI Innovative Opportunities Fund - NFO Complete Overview

Introduction

The SBI Innovative Opportunities Fund  by SBI Mutual Fund, under its AMC SBI Funds Management Limited, has an AUM of ₹10 lakh+ crore as of June 30, 2024. This open-ended equity scheme, introduced on July 29, 2024, follows an innovation theme aimed at generating long-term financial growth by investing in innovative companies. The NFO investment window is open from July 29 to August 12, 2024, with a starting price of ₹5,000 and in multiples of ₹1 thereafter.

Investment Focus

The SBI Innovative Opportunities Fund  targets India's startup ecosystem, digital infrastructure, and government initiatives, offering potential growth in sectors like e-commerce and fintech. It will invest:

- 80-100% in equities and equity-related securities of large-cap companies.

- 0-20% in securities linked to equities not from large-cap firms and securities connected to equity from overseas companies.

- 0-20% in debt and money market instruments.

- 0-10% in units issued by REITs and InvITs.

Suitable Investors

The SBI Mutual Fund is ideal for investors seeking long-term capital appreciation by investing in equity and equity-related instruments of businesses using innovation themes. Note that it is a very high-risk scheme, and there is no assurance that the investment goals will be met.