Financial Daily from THE HINDU group of publications
Saturday, Mar 04, 2006
Financial Daily from THE HINDU group of publications Saturday, Mar 04, 2006 |
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Markets
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New Fund Offer SBI MF mops up Rs 2,855 cr from Blue Chip Our Bureau
Mumbai , March 3 SBI Mutual Fund has mopped up Rs 2,855 crore under SBI Blue Chip new fund offering (NFO), according to a press release from the fund house. This is the highest ever collection during NFO phase by any mutual fund in the country for an open-ended equity scheme, the release said. Over 7.4 lakh applications were received from the fund during its NFO, it added. SBI Blue Chip Fund would primarily focus on investing in diversified equity stocks of companies whose market capitalisation is at least equal to or more than the least market capitalised stock of BSE 100 index. It would invest in the equity stocks of around 150 companies whose market capitalisation is over Rs 2,250 crore at the current levels and whose track record is excellent over the years, Mr Deepak Chawla, Managing Director, SBI Mutual Fund, was quoted in the release.
More Stories on : New Fund Offer | Mutual Funds
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