SBI Quant Fund NFO opens for subscription. Key things to know

SBI Mutual Fund has launched the NFO of SBI Quant Fund, an open-ended equity scheme following Quant-based investing theme.

The new fund offer or NFO of the scheme is open for subscription and will close on December 18. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.

The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in equity and equity-related instruments selected based on quant model themes.

The scheme will be benchmarked against BSE 200 TRI. The scheme will be managed by Sukanya Ghosh and Pradeep Kesavan.

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The minimum additional purchase amount is Rs 1,000 and in multiples of Re 1 thereafter. The minimum redemption/switch-out amount is Rs 500 or 1 unit or account balance whichever is lower.

The scheme will allocate 80-100% in equity and equity-related instruments selected based on a quantitative model, 0-20% in other equity and equity-related instruments, 0-20% in debt securities (including securitized debt and debt derivatives) and money market instruments(including tri-party repo), 0-10% in units issued by REITs and InvITs.

An exit load of 0.5% of the applicable NAV, if units purchased or switched in from another scheme of the fund house are redeemed or switched out on or before six months from the date of allotment. The exit load will be nil if units purchased or switched in from another scheme of the fund house are redeemed or switched out after six months from the date of allotment.

The investment strategy outlined aims to achieve long-term capital appreciation by deploying a proprietary quantitative model that incorporates both fundamental and technical factors. This approach is designed to generate superior risk-adjusted returns compared to the benchmark index.