SBI Mutual Fund approves investment in REITS and InvIT
May 25 2017
News Category: AMC Specific Updates
SBI Mutual Fund has approved investments in the units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT) by SBI Corporate Bond Fund, SBI Magnum Children’s Benefit Plan and SBI Equity Savings Fund. In this regard, the asset allocation pattern of the schemes will be modified in order to permit investments in the units of REIT and InvIT. Accordingly, maximum exposure of 10% is allowed in the units of REIT and InvIT for each of the funds.
