According to SBI https://www.sbimf.com/innovation the fund name is “SBI innovative opportunities fund”
objective: “The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.”
RISKOMETER : VERY HIGH
This fund targets the business that are using AI which helps in producing goods efficiently and also enhances business. It focuses one company which is adopting new technologies or models which increases the growth
Application amount : Minimum Investment Amount : Rs. 5000/- and in multiples of ₹ 1 thereafter.
Additional Purchase Amount: Rs. 1000/- and in multiples of ₹ 1 thereafter.
Minimum Monthly SIP Amount: Rs. 500/- and in multiples of Re. 1 thereafter.
Investors understand that their principal will be at Very High risk.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
source : https://www.sbimf.com/innovation