SBI Launches New Hybrid Fund: Invest Till Aug 24

SBI Mutual Fund has introduced the SBI Balanced Hybrid Fund, an open-ended scheme designed for investors seeking a mix of growth and income. This fund will invest exclusively in equity and debt instruments, adhering to a balanced allocation strategy.

The New Fund Offer (NFO) for the SBI Balanced Hybrid Fund commenced and will conclude on August 24. Investors can participate with a minimum initial investment of Rs 5,000. Subsequent investments require Rs 1,000.

The investment objective is to achieve long-term capital appreciation and generate income. The fund's asset allocation will range between 40% and 60% for equity and equity-related instruments, and similarly for debt securities, money market instruments, and securitized debt. Investment in foreign securities is also permitted, up to 35% of net assets.

Managed by Rajeev Radhakrishnan for the debt portion and Tanmaya Desai for the equity component, the fund's benchmark is the Nifty 50 Hybrid Composite Debt 50:50 Index. The exit load structure includes a nil load for redemptions up to 10% within one year, and a 1% load for amounts exceeding this limit within the same period. Redemptions after one year are free of exit load.