This fund Sbi Psu Fund Regular Plan growth is floated in the market by SBI Funds Management Pvt. Ltd. This fund is a type of equity and open-ended fund.
What is open ended fund?
Open ended fund is a fund in which we can invest our money anytime and take out our money or redeem our money by selling a certain unit of shares.
Sbi Psu Fund Regular Plan Growth was launched on 07-07-2010 under the fund scheme of SBI mutual Fund. This fund falls under Theme category. These funds are good for long term investment. In this minimum investment of Rs 5000 is required and maximum no limit, SIP is Rs 500 and the expense ratio which the investors have to pay to the fund managers is 2.23%.
The fund managers allocate the investment mainly in the top 5 money making sectors like energy, financial, metal and mining (gold and coal), construction and other sectors.
The returns of this fund are very good on an average 87.64%. The net asset value of this fund as on 1 st august 2004 is 35.1459. This value is subject to change every day. This Sbi Psu Regular Plan Growth plan is also called Income Distribution cum Capital Withdrawal Option (IDCW)
Objective of this fund
- Even though the risk is high, it is profitable for those investors who want to do long term investment.
- If one wants to redeem money by selling a certain portion of shares it is very easy.
If one has purchased shares through MY SIP online, he can go to the investment section and place a request for redemption of his money. If the fund is purchased from elsewhere then one can place a request to fund his use for redemption.
If one wants to redeem the money from the share, he can only do Rs 500 monthly. In case of exit load i.e. (money charged by the company) if this psu fund is redeemed before competition of one year after allotment 1% will be charged, but after competition of 1 year after allotment no exit load will be charged from the investor.
There are certain people and companies who are eligible to invest into this Sbi PSU Regular Plan Growth
- Indian residents
- Parents or guardians
- Companies
- Associations of persons
- Partnerships firms
- NRI’s
- Charitable trusts
- Banks
- Financial institutions
- And many others
The funds invested in Sbi Psu regular plan growth was managed by Rohit Shimpi for 15 years. He sees which company to invest in this fund. This fund has given returns which are beyond expectations.
Some Restrictions of Sbi Psu Regular Plan Growth are
- In this scheme the fund manager cannot invest more than 10% of its net asset value in the debt instrument of a single issuer.
- If the amount exceeds i.e. up to 12% the fund manager has to take the approval of the board of directors of the asset management company and board of trustees.
The Nav ie declaration of its assets is made everyday of its assets .IT is calculated by the formulae Net Asset Value (NAV) = (Market Value or Fair Value of the investments of the scheme + Current Assets – Current Liabilities and Provisions) / Number of outstanding units under the scheme on the date of valuation. This NAV is then declared everyday at 9 pm on its official website. and newspapers.
This plan is rated as number 1 as compared to other plans.
If the investor wants to purchase the Sbi Psu Regular Plan Growth Scheme through MY SIP online he should first fill in the KYC and the fund he wants to buy and add it to the cart. Thus, then afterwards make payment through internet banking, UPI, debit card and purchase the share. The investor can also visit the website www.sbimf.com and fill in the form. If the investor wants any information regarding this fund, He can visit the office which is in Bandra Mumbai or contact on phone 022 – 61793000
There is a constant growth in this fund. In the first year it has given returns around 75.96%, In the second year it reported the return of 44.18%, In the third year it was 24.04%. Before investing into this fund, one should consult the financial advisor, as this fund requires in depth knowledge. In this fund the company invests the investors money in various sectors, not only limited to large companies, but also mid cap companies and small sized companies. One can himself also invest his money if he has financial knowledge without consulting.
