MF NFO: SBI Mutual Fund launches Income Plus Arbitrage Active FOF

#NFOSBIMFOF  #FIncomePlusArbitrageActiveFOF
The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025.

Chandigarh: SBI Mutual Fund has launched the SBI Income Plus Arbitrage Active Fund of Fund (FOF). This is an open-ended fund that invests in a mix of actively managed debt-oriented and arbitrage mutual fund schemes. The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025.

The scheme follows a Fund of Fund structure. It will invest in mutual fund schemes of SBI Mutual Fund and/or other mutual funds. The investment objective is to generate regular income and capital appreciation. The scheme does not guarantee achievement of this objective. The scheme will invest 50–65% in debt-oriented schemes and 35–50% in arbitrage mutual fund schemes. It may also invest up to 5% in money market instruments, triparty repo, reverse repo, and cash equivalents.

The benchmark index is a blend of 65% Nifty Composite Debt Index and 35% Nifty 50 Arbitrage Index. The minimum application amount is ₹5,000, with additional investments all owed in multiples of ₹1,000. SIP options are available on daily, weekly, monthly, quarterly, semi-annual, and annual frequencies.

Ardhendu Bhattacharya will manage the fund. He has been with SBI Mutual Fund since April 2019 and manages several debt and hybrid schemes.