SBI Mutual Fund has launched new fund offer (NFO) which goes by the name of SBI Tax Advantage Fund – SERIES II and same falls under ELSS category and wef 22 Dec 2011 as close ended fund.

Investment objective of the scheme

The objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalization, along with income tax benefit.

The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalization, along with income tax benefit. The tenure of the fund is ten years.

NFO Information
Issue Opening Date: 22-December-2011
Issue Closing Date: 21-March-2012
Scheme Type: Close Ended
Scheme Category: ELSS
Tenure of the Scheme: 10 Years
Maturity Date: 28-March, 2022
Load Structure: Nil
Offer Price: Rs. 10 per unit
Minimum Subscription: Rs. 500 and in multiple of Rs 500 thereafter

We wish to tell you that you have to consider the time horizon and than look at the aspects of inflation and see is it worth getting the income tax rebate going for these type of schemes. Keep visiting us to get share tips which helps you make money every day.

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