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Wed, December 4, 2024
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SBI MF's new Quant fund targets momentum, growth & value for better returns


Published on 2024-12-03 23:31:06 - Thomas Matters, WOPRAI
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  • The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments selected based on an in-house quant model. The fund's benchmark is the BSE 200 TRI.

SBI Mutual Fund has launched a new quantitative fund named SBI Equity Quantitative Fund, aiming to leverage momentum, growth, and value strategies to achieve superior returns. This fund will invest in a diversified portfolio of equity and equity-related instruments, focusing on companies that exhibit strong momentum, growth potential, and are undervalued. The fund's strategy involves using quantitative models to select stocks, which is expected to reduce human bias in investment decisions. The New Fund Offer (NFO) for this fund opened on December 4, 2024, and will close on December 18, 2024. The minimum investment amount is set at Rs 5,000, with additional investments in multiples of Re 1. This fund is designed for investors looking for long-term capital appreciation through a systematic, data-driven approach.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/sbi-mf-s-new-quant-fund-targets-momentum-growth-value-for-better-returns-124120400163_1.html ]
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