SBI IT Fund

Can you tell me in details about the SBI IT (State Bank of India Information Technology) Fund? Also tell me about its Key benefits too?

[shikha]

IT (Information Technology) scheme seeks to provide maximum growth opportunities through investments in IT stocks.

The main objective of SBI IT (State Bank of India Information Technology) Fund is to provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy.

There are 5 sub-funds dedicated to specific investment themes viz. Information Technology, Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favor) and Emerging Businesses.

Key Benefits
Investors can benefit from the growth in IT sector.

This product is suitable for:

Long term investment
Equity Investments in stock of IT sector of the economy to provide sector specific growth opportunities.

Other Details
Minimum Application
Rs. 5000/-& in multiple of Re.1/-

Entry Load
NA

Exit Load
For exit within 15 days from the date of allotment - 0.50%;
For exit after 15 days from the date of allotment – Nil

SIP
Monthly - Minimum 1000 & in multiples of 1 thereafter for minimum six months (or) minimum 500 & in multiples of 1 thereafter for minimum one year.
Quarterly – Minimum 1500 & in multiples of 1 thereafter for minimum one year.

SWP
Rs 500/- per month or quarter


Asset Allocation

Instrument Normal Allocation (% of Net Assets) Risk Profile

Equities of a particular sector 90%-100% High

Money Market Instruments 0%-10% Low