IT (Information Technology) has given significant boost to Indian economy. This scheme seeks to provide maximum growth opportunities through investments in IT stocks.
- Investors can benefit from the growth in IT sector.
|This product is suitable for investors who are seeking*: |
- Long term investment
- Equity Investments in stock of IT sector of the economy to provide sector specific growth opportunities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes viz. Information Technology,Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favour) and Emerging Businesses.
|Instrument ||Normal Allocation (% of Net Assets) ||Risk Profile |
|Equities of a particular sector ||90%-100% ||High |
|Money Market Instruments ||0%-10% ||Low |
|Date of Inception ||14/07/1999 |
|Minimum Application ||Rs. 5000/-& in multiple of Re.1/- |
|Entry Load ||NA |
|Exit Load ||For exit within 15 days from the date of allotment - 0.50%; |
For exit after 15 days from the date of allotment - Nil
|SIP || |
Monthly - Minimum 1000 & in multiples of 1 thereafter for minimum six months (or) minimum 500 & in multiples of 1 thereafter for minimum one year.
Quarterly – Minimum 1500 & in multiples of 1 thereafter for minimum one year.
|SWP ||Rs 500/- per month or quarter |
|SBI IT Fund - Direct Plan - Growth||46.4662||26-Oct-2016
|SBI IT Fund - Regular Plan - Dividend||31.5829||26-Oct-2016
|SBI IT Fund - Regular Plan - Growth||44.7230||26-Oct-2016
|SBI IT Fund - Direct Plan - Dividend||38.7714||26-Oct-2016