SBI Mutual Fund has launched a number of schemes for its investors under different categories such as Equity, Debt, Hybrid, etc. One of its schemes that we are going to discuss here in this article is SBI Equity Savings Fund. To invest in this scheme, log on to MySIPonline which is a user-friendly platform that helps you invest in a very simple way.
SBI Equity Savings Fund was launched on May 11th, 2015 with an investment objective to facilitate investors earn income by investing in the arbitrage opportunities available in the cash and derivatives segment of the equity market and also invests in equity at moderate level so as to get capital appreciation as well. It invests the remaining assets in debt securities and money market instruments to maintain some liquidity.
The Managers of Fund
This fund is jointly managed by Mr. Ruchit Mehta and Mr. Neeraj Kumar since May 2015. Both of them have an overall experience of 14 years and 22 years, respectively.
Mr. Ruchit Mehta - He is a graduate in Commerce from University of Mumbai and has done Master’s in Finance from Lancaster University. Before joining SBIFM in 2010, he was working with HSBC Asset Management Company.
Mr. Neeraj Kumar - He has done graduation in Commerce from Magadh University and is a Chartered Accountant. Before joining SBIFM in 2006, he has worked with Life Insurance Corporation of India for 10 years.
Key Points About SBI Equity Savings Fund Growth