SBI Mutual Fund, a subsidiary of State Bank of India, has launched SBI PSU Fund. The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.

NFO Summary

• Scheme Name: SBI PSU Fund
• NFO Start Date: 17-May-2010
• NFO Close date: 14-June-2010
• Offer Price: Rs. 10.00
• Minimum Subscription: Rs. 5,000/-
• Entry Load: Nil
• Exit Laod: 1%, if redeemed before 12 months. Otherwise, Nil.
• Download Application Form
• Invest Online

SBI PSU Fund will be benchmarked against BSE PSU Index and will be managed by Rama Iyer Srinivasan, who holds 16 years of experience in the area of financial services, apart from holding an M.Com and MFM degree. Presently Srinivasan is also the fund manager of Magnum Equity Fund , Magnum Global Fund Magnum Sector Funds Umbrella - Emerging Business Fund and SBI Infrastructure Fund - Series I.

Our Review

Invest in SBI PSU Fund with medium term (1-3 years) perspective. Investors looking for short term gain may well avoid this fund.

Also, investors with very long term perspective , say 10 years or more, may also avoid this NFO. Long term investors are advised to invest in other diversified mutual funds.

How To Invest

Invest Online

1. Click here to register your details and invest online.
2. Use Internet Explorer only. Otherwise, you will face problems.
3. Once registered, logout completely and close the window (Important)
4. Relogin using the above link (or Click Here) and make payment.
5. Make sure that our ARN number 25682 is mentioned against broker code. Without this code, we will not be able to serve you (e.g. we will not be able to provide you A/C statement on request without ARN Number)
6. While applying online, you may call 9910311120 to get assistance.

Download Form

1. Download Application Form from here
2. Fill-in complete detials, attach PAN card copy and KYC Form if investment of more than 50,000/-
3. Send it to our Address or deposit at the nearest collection center mentioned in the form

Note: Mutual Funds are subjected to market risks. Please read all scheme related documents carefully before investing.

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2 Responses to “NFO: SBI PSU Fund”

1. Sunand Ranjan Rakshit says:

   July 5, 2010 at 6:31 AM

   Require a duplicate account statement SBI PSU Fund Growth. Folio 12473512
2. admin says:

   July 6, 2010 at 9:44 PM

   Dear Sunand,
   Did you applied through MoneyVriksh.com?
   If yes, send email to mf (at) moneyvriksh.com . You will get statement within 24 hours.

   If not, then contact your broker or SBI.