SBI Multicap NFO garners Rs 7,500-8,000 crore; biggest mop-up in its space

SBI Multicap Fund which closed its new fund offer (NFO) on Monday has collected Rs 7,500-8,000 crore in the fund. Officials in the industry stated that this is the highest ever collection seen in the multicap schemes.

SBI Multicap Fund, an open-ended equity scheme will be investing in a mix of best ideas across large, mid, and small cap companies identified through a robust research process. The NFO opened on February 14, 2022 and closed on February 28, 2022.

The benchmark index of the Fund is the NIFTY 500 Multicap 50:25:25 TRI. The fund combines the strength of high conviction