The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
% of Portfolio of Plan A & B
Equity,PCD’s and FCD’s and bonds
Medium to High
Money market instruments
0 – 20%
1. There is a statutory lock-in period of three years for investments in a Tax Saving Scheme (irrespective of the fact whether the investors claim the rebate u/s 80C or any other section or not).
2. Dividends may be declared depending on distributable profits of the scheme. Facility to reinvest dividend proceeds into the scheme at NAV.
3. Switchover facility to any other open-ended schemes of SBI Mutual Fund at NAV related prices available after the statutory lock-in period.
March 31, 1993
Rs. 500 and Multiples of Rs 500
Investments below Rs. 5 crores – 2.25% Investments of Rs.5 crores and above – NIL