SBI Energy Opportunities fund gets ₹6,700 crore in NFO

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SBI Mutual Fund, the largest fund house in the country, has collected over ₹6,700 crore through its latest fund offering – SBI Energy Opportunities Fund.

Also read: SBI MF aims to garner ₹4,000 crore via energy opportunities NFO

It has received almost 5 lakh applications in the NFO with large number of new investors participating.

The SBI Energy Opportunities Fund is an open-ended equity scheme following the energy theme tracking Nifty Energy TR Index. The scheme would primarily invest 80–100 per cent of its assets in equity and equity-related instruments of companies engaged in energy (traditional and new) and allied business activities theme. It will include equity and equity-related instruments (including equity derivatives), debt securities (including securitised debt & debt derivatives) and money market instruments (including tri-party repos).