SBI Mutual Fund files draft with Sebi for innovative opportunities fund

SBI Mutual Fund has filed a draft document with Sebi for an innovative opportunities fund. SBI Innovative Opportunities Fund will be an open-ended equity scheme following the innovation theme.

The investment objective of the scheme is to provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies that seek to benefit from the adoption of innovative strategies and themes.

The scheme will be benchmarked against Nifty 500 TRI. It will be managed by Dinesh Balachandran and Pradeep Kesavan.



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The scheme will offer regular and direct plans both with growth and IDCW options.

An exit load of 1% of the applicable NAV will be there if units purchased or switched in from another scheme of the fund are redeemed or switched out on or before 1 year from the date of allotment. The exit load will be nil if units purchased or switched in from another scheme of the fund are redeemed or switched out after 1 year from the date of allotment.

SBI Innovative Opportunities Fund will invest 80-100% in equity and equity-related instruments of companies that seek to benefit from the adoption of innovative strategies and themes (including equity derivatives), 0-20% in other equity and equity-related instruments (including equity derivatives), 0-20% in debt securities (including securitised debt and debt derivatives) and money market instruments including tri-party repos, and 0-10% in units issued by REITs and InvITs.

The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter. The minimum amount for additional purchase will be Rs 1,000 and in multiples of Re1 thereafter. The minimum redemption amount is Rs 500 or 1 unit or account balance whichever is lower.


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The investment strategy of the Scheme would focus on identifying and investing in companies engaged in innovative strategies/theme from the domestic as well as global universe.

The scheme will be suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of companies engaged in and/or expected to benefit from the adoption of innovative strategies and themes. The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.