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First Overseas Fund
March 9 , 2021
1360 days
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- The State Bank of India (SBI) Mutual Funds has launched its first overseas offering.
- The fund titled SBI International Access — US Equity FOF is an open-ended fund of funds scheme investing in a mutual fund scheme/ETFs that invest in US markets, which are domiciled overseas.
- The scheme will invest 95-100 per cent of its net assets generally in Amundi Funds – US Pioneer Fund (including ETFs).
- That invest predominantly in the US markets.
- The customers interested in the scheme are required to invest at least Rs 5,000 for the first time.
- However, for additional purchase, the minimum application amount is Rs 1,000.
- There is no upper cap for the investment in this fund.
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