With a size of USD 30 trillion, its market capitalization is greater than that of the next 6 countries combined. Without the 'home bias’ of Indian investors, US market should be the most logical choice for any investor looking to invest in equities
An open-ended fund of funds scheme investing in mutual fund scheme/ETFs that invest in US markets
Provides international diversification to the portfolio and provides investors the opportunity to invest in themes not available in Indian market such as Tesla, Amazon, disruptive tech among others
Aids in mitigating overall risk by investing in a market that have lower correlation to Indian markets
Provide investors the opportunity to benefit from any depreciation in the Indian currency as against the currency of the underlying fund
This calculator is designed to help investors in determining the appropriate amount accumulated through SIP investment or lump sum based on assumed rate of returns and does not guarantee any returns.... The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security / Schemes and should not be construed as promise on minimum returns and/or safeguard of capital. These Calculators alone are not sufficient and shouldn't be used for the development or implementation of an investment strategy. There is no warranty about the accuracy of the calculators/ reckoners. The recipient is advised to consult his or her financial advisor/ tax consultant prior to arriving at any investment decision. The calculation is based on Monthly SIP with selected top-up frequency viz, half yearly or yearly basis on the basis of assumed rate as selected by you. The returns are shown point to point in absolute terms. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully Read More
SBI International Access – US Equity FOF
(An open-ended fund of funds scheme investing in mutual fund scheme/ETFs that invest in US markets
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
SBI International Access – US Equity FoF is an open-ended fund of funds scheme investing in mutual fund scheme/ETFs that invest in US markets, which are domiciled overseas.
The underlying scheme will be Amundi Funds – US Pioneer Fund, (domiciled in Luxemburg) that invests predominantly in US market securities.
SBI International Access – US Equity FoF may also invest in other mutual funds/ETFs which are domiciled overseas and invest predominantly in US markets.
The scheme will be benchmarked to S&P 500 Index, after converting it to Indian Rupee.
The scheme will invest 95%-100% of its net assets generally in Amundi Funds – US Pioneer Fund (including ETFs) which invest predominantly in the US markets. For detailed asset allocation you can refer the Scheme Information Document. .
For first time purchase minimum application amount is Rs. 5,000/- and in multiples of Re. 1. For additional purchase minimum application amount is. Rs. 1,000/- and in multiples of Re.1.
No, there is no upper limit for investment in this fund.
For exit on or before 1 year from the date of allotment – 1%,
For exit after 1 year from the date of allotment – Nil
The AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 10.00 a.m. on the next business day
The Forex would be booked at the market price /spot rate prevailing at the time of transaction.
The total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme. For eg. If the underlying scheme is charging 0.75% then the FOF cannot charge more than 1.5%, in this case the TER of FOF (including the expense of the underlying scheme) will be 2.25%.
The TER of FOF including the expense of the underlying scheme may not exceed 2.25%. Besides 2.25%, the scheme can charge Additional TER as per Regulation 52 (6A) (c) towards various permissible expenses (in case the scheme has exit load) and Additional expenses for gross new inflows from specified cities under regulations 52(6A)(b).
While the NAV of the Scheme will be based on the NAV of the underlying fund, (which is determined as per a different time zone), the AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 10.00 a.m on the next business day.
The NAV of SBI International Access – US Equity FoF will be calculated and disclosed on every business day. However, in case there is a holiday in either Luxembourg or US or holiday in both markets, the NAV will not be computed and declared and it will be a non-business day for SBI International Access – US Equity FOF.
You can redeem on all business days, by putting a valid redemption request. Depending on your holding period, exit load may or may not be applicable.
The redemption proceeds shall be dispatched to the unitholders within ten working days from the date of redemption. Our endeavour would be to do it on a best effort basis wherein the period would be lesser than ten working days.
As per the new SEBI guidelines, the units will be allotted only after fund realisation. So here in this case, units will not be allotted.
During the ongoing offer period, the cut off time for submitting application for subscription will be 3.00 P.M. (IST). If you submit the valid application within the cut off time, units will be allotted at the same day end NAV. However, the applicable NAV will be subject to realisation of funds as per new SEBI guidelines. For e.g. If you have invested INR 1 lakh on 25th August before the cut off time and the funds have been realized before the cut off time, then you will get the NAV of 25th August which will be published by 10 a.m. on 26th August (assuming both are business days). In case the fund realization is after the cut off time on the same day or before the cut off time of next business day, then the applicable NAV would be of the next business day.
Amundi Luxembourg Team will intimate the change in total expense ratio to SBIMF team at least 1 week in advance.
The underlying fund will normally charge Fund Administrative Fees (i.e. Total Expense Ratio) as fixed % of its AUM. Administrative Fees includes Fund’s Management Fees, Other Operating Expenses of Fund, Taxes etc.
There is no minimum amount requirement from operational point of view. Fund manager may decide on an ongoing basis wherein the endeavour would be to fully deploy the proceeds and keep cash at the minimum so as to closely track the underlying as far as possible. Any consideration likes associated costs, inflows and outflows from the schemes will be monitored regularly to decide the same.
The NFTs in this case will be same as any other open-ended domestic fund.
Yes, NRIs can invest in this fund provided they are not residents of United States of America or Canada.
Yes, nomination is allowed in this fund.
Note - the investors are bearing the recurring expenses of the scheme, in addition to the expenses of other schemes in which the SBI International Access Fund – US Equity FoF makes investments
This FAQ is only for the purpose of providing general information. Please refer to Scheme related documents for details. Recipients are advised to seek independent professional advice before making any investments. The views / content expressed herein do not constitute the opinions of SBI Mutual Fund or recommendation of any course of action to be followed by the reader. SBI Mutual Fund / SBI Funds Management Private Limited is not guaranteeing or promising or forecasting any returns. This document is strictly private and confidential and only for the information of the intended recipient. The contents of this document may not be copied, distributed or reproduced in whole or in part, nor passed to any third party without prior approval of SBI Mutual Fund / SBI Funds Management Private Limited.