SBI Mutual Fund launches "SBI Innovative Opportunities Fund", an open-ended equity scheme with up to 35% foreign investment.
SBI Mutual Fund has launched the "SBI Innovative Opportunities Fund", an open-ended equity scheme investing in companies that benefit from innovative strategies and themes. The fund aims to provide long-term capital appreciation and may invest up to 35% of its assets in foreign securities, subject to regulatory compliance. The launch follows SBI Mutual Fund's anticipation of the Reserve Bank of India increasing the industry cap on overseas investment.
July 29, 2024
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