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Energy & power based mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market. ....
The energy sector holds promising prospects for long-term growth, particularly with the government’s increased focus. Investing in energy-focused mutual funds seems reasonable, but caution is advised, given that these funds are thematic and reliant on the cyclical movements within the sector. ....
On the fundraising target during the NFO period, D P Singh, the deputy managing director & joint chief executive, told PTI that more than the primary subscription they are more interested in wider coverage and the aim it cover/get subscriptions from at least 90 per cent of the pin codes and from at least 2.5-3 lakh investors. ....
SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund. The scheme opened for public subscription on February 06, 2024, and will close on February 20, 2024. ....
The schemes will offer regular and direct plans with growth and IDCW options. The minimum application amount for both the schemes will be Rs 5000 and in multiples of Re 1. The schemes will be managed by Tanmay Desai, Pradeep Kesavan (overseas investments). ....