The largest fund house, SBI Mutual Fund, announced the launch of the SBI Energy Opportunities Fund on Monday.
The scheme will be open for public subscription from Feb 6th to Feb 20th, 2024. It is looking to raise Rs 3,500-4000 crore of primary subscriptions from the new fund launch.
About SBI Energy Opportunities Fund 
SBI Energy Opportunities Fund is an open-ended scheme following the energy theme. The fund invests in domestic and overseas companies engaging in activities such as exploration, distribution, production, transportation, and processing of traditional and new energy, not limited to sectors such as oil & gas, utilities, and power.
Objectives of SBI Energy Opportunities Fund
This scheme is suitable for investors seeking long-term capital appreciation and in equity and equity-related instruments of companies expected to benefit from growth in various activities.
The investors can invest with a minimum investment of Rs 50,000 per plan and in multiples of Re 1. There is no upper limit for investment and no entry load, which means that investors do not have to pay anything to park their earnings in this scheme. While for exit on or before one year from the date of allotment will have to pay one percent. 
Target of SBI Energy Opportunities Fund
During the New fund offer (NFO), DP Singh, the deputy managing director, and joint chief executive said they are more interested in wider coverage than primary subscription and aim to get a subscription from at least 90 percent of pin codes and at least 2.5-3 lakh investors.
Fund Managers Raj Gandhi and Pradeep Kesavan are responsible for the overseas security of the SBI Energy Opportunities Fund.
SBI’s step toward Aatmanirbhar Bharat
The energy sector is a multi-decade story as the country is moving towards Aatmanirbhar Bharat (from energy deficient to energy sufficient).
Green energy initiatives like the Green Hydrogen Mission, COP 26, ethanol blending program are the steps taken to grow the energy sector.
The fund is SBI Mutual Fund’s step towards growth in the domestic energy sector and has been making good progress in terms of infrastructure and policy reforms and helping improve the profitability of the sector, said DP Singh.
