- 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
a. Rs 4000
b. Rs 1000
c. Rs 7000
d. Rs 5000
