SBI BlueChip Fund-Reg(G)
SBI Mutual Fund is offered by SBI Funds Management Private Limited. The latter is an asset management company (AMC) which is a joint venture of the State Bank of India (SBI) and AMUNDI (France). The State Bank of India is the largest bank in India. AMUNDI, on the other hand, is one of the leading fund management companies of the world. SBI Funds Management Private Limited has experience of about 30 years in fund management. SBI Mutual Fund Trustee Company Private Limited is the trustee company to SBI Mutual Fund. The SBI Blue Chip Fund - Regular Plan - Growth is one of the open-ended equity schemes that is offered by the asset management company (AMC).
Investment Objective of the SBI Blue Chip Fund - Regular Plan - Growth
The basic objective of the SBI Blue Chip Fund - Regular Plan - Growth scheme is to facilitate the growth of long-term capital through investments predominantly made in a wide category of large-cap equity stocks.
Key Features of the SBI Blue Chip Fund - Regular Plan - Growth
The main features of the SBI Blue Chip Fund - Regular Plan - Growth can be listed as follows:
Type of fund | An open-ended equity scheme that primarily invests in large-cap stocks |
Plans available |
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Options under each plan |
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Risk | Moderately High |
Systematic Investment Plan (SIP) | Available |
Systematic Transfer Plan (STP) | Available |
Systematic Withdrawal Plan (SWP) | Available |
Investment Amount for the SBI Blue Chip Fund - Regular Plan - Growth
Minimum application amount (Non SIP) | Rs.5,000 and in multiples of Re.1 subsequently |
Minimum additional investment (Non SIP) | Rs.1,000 and in multiples of Re.1 subsequently |
Minimum instalment for Systematic Investment Plan (SIP) |
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Minimum instalment for Systematic Withdrawal Plan (SWP) | Rs.500 |
Minimum instalment for Systematic Transfer Plan (STP) | Rs.500 |
Entry Load | N/A |
Exit Load |
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The minimum balance that is required to be maintained for the scheme is Rs.1,000.
Asset Allocation for the SBI Blue Chip Fund - Regular Plan - Growth
Type of security | Indicative Allocations (percentage of total assets) | Risk Profile | |
Minimum | Maximum | High/Medium/Low | |
Equity and instruments related to equity of large-cap companies | 80% | 100% | High |
Other equities and instruments related to equity | 0% | 20% | High |
Units which are issued by REITs and InvITs | 0% | 10% | Medium to High |
Instruments of debt | 0% | 20% | Medium |
Instruments related to Money Market | 0% | 20% | Low |
NAV Disclosure and Benchmark for the SBI Blue Chip Fund - Regular Plan - Growth
The Net Asset Value or NAV is required to be calculated and published by the end of every working day. The NAV under the SBI Blue Chip Fund - Regular Plan - Growth is rounded off to 4 decimal places. The NAV is calculated by dividing the sum of the market and/or fair value of investments under the scheme and the current assets after deducting the current liabilities and provision by the number of units that are outstanding under the scheme on the day of valuation.
The NAV is required to be published in at least 2 national newspapers as per the recommendation of SEBI (Mutual Funds) Regulations, 1996. It is also published on the official SBI mutual fund website (www.sbimf.com) and the AMFI website (www.amfiindia.com).
The benchmark of the SBI Blue Chip Fund - Regular Plan - Growth scheme is S&P BSE 100 Index.
SBI Blue Chip Fund - Regular Plan - Growth Fund Manager
The SBI Blue Chip Fund - Regular Plan - Growth is managed by Ms. Sohini Andani. She has a Bachelor's degree in Commerce along with a C.A. degree. She has been managing the fund since September 2010.
The dedicated fund manager who is responsible for managing the overseas investments is Mr. Mohit Jain.
Why should you invest in SBI Blue Chip Fund - Regular Plan - Growth?
The State Bank of India (SBI) is one of the largest and most trusted banks in India. The SBI Mutual Fund has more than 222 acceptance points all over India. If the main objective of an investor is to generate long-term capital growth, then the SBI Blue Chip Fund - Regular Plan - Growth scheme is a reliable option to invest in.
GST rate of 18% applicable for all financial services effective July 1, 2017.
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