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‘SBI International Access-US Equity FoF’

Published on March 03, 2021
Current Context: The SBI Mutual Fund has launched ‘SBI International Access-US Equity FoF’. It is the SBI MF’s first overseas offerings.
‘SBI International Access-US Equity FoF’
  • The SBI International Access-US Equity FoF is an open-ended Fund of Fund (FoF) that invest in MF schemes or ETFs (Exchange Traded Fund) that invest in US markets.
  • It is opened from 1st March and is valid till 15th March 2021.
  • The investment scheme would be Amundi Funds-US Pioneer Fund which benchmarks with the S&P 500 Index and has assets under management of $2.5 billion as of 31st Jan 2021.
  • The Amundi Funds-US Pioneer Fund fully merges with ESG (Environment, Social Governance).
  • The scheme will invest net assets of up to 95-100% in Amundi Funds-US Pioneer Fund, which will further invest in US markets.
  • Thus this scheme grants an opportunity to the investors to have exposure in the US market and to invest in such themes which are not available in the Indian market.
  • For this scheme, the minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
  • Static Part: 
    • HQ of SBI Mutual Funds: Mumbai

Question: 

Q.1 SBI Mutual Fund launched ‘SBI International Access-US Equity FoF’. What is the minimum subscription amount for this SBI MF’s first overseas offerings?
a. Rs 4000
b. Rs 1000
c. Rs 7000
d. Rs 5000
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