{"id":27236,"date":"2022-03-03T19:47:09","date_gmt":"2022-03-03T14:17:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-sbi-mf-nfo\/"},"modified":"2022-03-03T20:22:02","modified_gmt":"2022-03-03T14:52:02","slug":"biz-sbi-mf-nfo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sbi-mf-nfo\/","title":{"rendered":"SBI MF collects Rs 8,095 cr through Multicap Fund NFO"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-457246700\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Largest fund house SBI Mutual Fund on Thursday announced that investors have put Rs 8,095 crore into a new fund offer for a multicap offering, giving it a 15 per cent share of the recently categorised market.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-686482123\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Almost the entire sum has been raised from retail investors, and subscriptions came from 82 per cent of the PIN codes in the country, its chief business officer D P Singh said.<\/p>\n<p>The average ticket size also came down to over Rs 2 lakh from Rs 5 lakh earlier.<\/p>\n<p>Market regulator Sebi had last year redefined the multicap category, and SBI MF had launched its offering in line with the new norms, Singh said, expressing satisfaction with the investor response.<\/p><div class=\"trade-content_5\" id=\"trade-2730515174\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The asset management company, which had raised over Rs 14,000 crore in a new fund offer (NFO) for a balanced advantage fund, was targeting to raise Rs 5,000 crore through the multicap fund NFO, Singh said.<\/p>\n<p>He said balanced advantage is a very wide category while multicap is a pure equity-focused product.<\/p>\n<p>Apart from that, the timing of the latest offering was also challenging, Singh added.<\/p>\n<p>A third of the total investors who have subscribed to the multicap fund NFO are new to the mutual fund industry, he noted.<\/p>\n<p>The NFO completes the products suite for the company and it will not be looking at any more new launches, he said, adding the efforts will be to educate distributors to push existing schemes to investors after understanding their risk appetite.<\/p>\n<p>Singh also said this is the right time to invest in the equity market because of the lower valuations which will help investors get better returns over time.<\/p><div class=\"trade-content-10\" id=\"trade-2751663709\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3009313924\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 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Almost the entire sum has been raised from retail investors, and subscriptions came from 82 per cent of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2841,2842],"class_list":["post-27236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sbi-mf","tag-sbi-mutual-fund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI MF collects Rs 8,095 cr through Multicap Fund NFO - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sbi-mf-nfo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI MF collects Rs 8,095 cr through Multicap Fund NFO\" \/>\n<meta property=\"og:description\" content=\"Largest fund house SBI Mutual Fund on Thursday announced that investors have put Rs 8,095 crore into a new fund offer for a multicap offering, giving it a 15 per cent share of the recently categorised market. 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