SBI MF mops up ₹3,600 cr by way of dividend yield NFO
SBI Mutual Fund has mobilised about ₹3,600 crore via its New Fund Provide, SBI Dividend Yield Fund, which closed on March 6.
With this, the fund home instructions over 25 per cent share, the biggest within the dividend yield class, with complete AUM of ₹13,844 crore.
The fund home recorded a stable progress as a result of promotion via the regional languages, with about 1.23 lakh purposes obtained from 70 per cent of pin codes within the nation and about 40,000 new PAN registrations.
SBI Mutual Fund believes that the class has loads of potential and dividend yield funds must be a part of investor’s portfolio, particularly these seeking to make investments straight in fairness or on the lookout for a daily money move from dividends.
SBI Dividend Yield Fund will reopen for subscriptions on Friday.