SBI Mutual Fund launches SBI Arbitrage opportunities Fund
New Delhi, Sep 14 (UNI) SBI Mutual Fund today announced the launch of 'SBI Arbitrage Opportunities Fund,' an open ended scheme to provide capital appreciation and regular income for its unit holders.
The scheme opens on September 15 and would close on October 13.
The minimum investment in the SBI Arbitrage Opportunities Fund would be Rs 25,000 and in multiples of Rs 1,000 thereafter. The fund would have growth and dividend investment options. There will be not entry load during the new fund offer period.
For investments below Rs 50 lakhs, an exit load of 0.25 per cent for exit up to and including April 20, 2007 will be applicable.
In addition, there will be no exit load on Rs 50 lakhs and above applications.
''SBI Arbitrage Opportunities fund is positioned to provide a low risk investment strategy to our ever growing community of investors. Equity markets are volatile irrespective of whether they are in the bull or bear phase. Arbitrage is one of the most effective ways to insulate oneself from market volatility,'' SBI MF managing Director Deepak Chawla said.
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