SBI Blue Chip Mutual Fund was launched on 23rd December 2005 with the objective of providing long-term capital growth with the help of management of investments in diverse equity stocks of companies having at least a market capitalization equal to the least capitalization stock in BSE 100 Index. The SBI Blue Chip Mutual Fund NFO was open from 23rd December 2005 to 20th January 2006 and it reopens for sale and repurchase continuously from 17th February 2006.
SBI Blue Chip Fund offers dividend and growth options with reinvestment and payout facilities. The minimum investment limit starts at Rs. 5000 and further in multiples of Rs. 1000. The SBI Blue Chip Mutual Funds Dividends earned are completely tax-free as are the long-term capital gains. Whereas a 10% tax plus applicable surcharge would be levied on short-term capital gains. Along with all this SBI Blue Chip Mutual Fund also offers systematic investment plan (SIP) during the NFO. The asset allocation pattern under SBI Blue Chip Fund for growth is around 70 - 100% on equities and equity-related instruments (inclusive of derivatives) that are high on risk and around 0 - 30% on debt and money market instruments that prove to be relatively less on risk.
For further information on the entry or exit load during switching of equity schemes and the blue chip stock or the risk factors involved in SBI Blue Chip Mutual Fund investment, you can directly refer to their website mentioned below. We also give you information on SBI Mutual Funds in India and other banking products and services from State Bank of India browse through our dedicated pages on each. Website:http://www.sbimf.com/
SBI Blue Chip Mutual Fund 
