SBM launches the SBM Maharaja Fund

The State Bank of Mauritius launched on 28 January, a first of its kind fund, the SBM Maharajah Fund. Managed by SBM Capital Management Ltd, the India Investment arm of the Group, this umbrella fund proposes three sub-funds namely: the SBM Maharaja Bond Fund, the SBM Maharaja Growth Fund and the SBM Property Fund.

Kotak Mahindra Asset Management Company Ltd, a subsidiary of Kotak Mahindra which is one of India’s leading financial institutions, is acting as its investment advisor. The Foreign Portfolio Investment Licence held by the company gives access to eligible investors to tap the Indian market across various asset classes. In his speech, the Chairman of the Group, Mr Kee Chong Li Kwong Wing highlighted the high hopes from the new business-friendly government to implement key reforms and restart the capital expenditure (CapEx) cycle.Referring to the perceived notion that investors have difficult access to the Indian market due to regulatory rigidity and hurdles, the bank’s chairman stressed that the SBM Group could prove to be a solution with its existing presence in India through its four branches in strategic cities. SBM Maharaja Bond Fund The Bond Fund with a 100% exposure to Indian Debts is an actively managed portfolio. The Fund is suited for investors with a low risk profile and endeavours to give a return above the normal USD savings rate. SBM Maharaja Growth Fund The Growth Fund is a diversified, multi-strategy equity and bond scheme. The Fund is suitable investors with a moderate risk profile. The Maharaja SBM Property Fund The Property Fund aims to maximise total investment return consisting of income and capital appreciation. It is suitable for investors with a higher risk appetite looking for above average returns and those who have already built a core portfolio.