The SBI WISE Fund intends to chase momentum—the speciality of traders and not of fund managers. Will it succeed?
SBI Mutual Fund, in which Société Générale Asset Management has a 37% stake, has filed an offer document of its SBI WISE Fund with the Securities and Exchange Board of India (SEBI) for approval. WISE Fund stands for Winning Investment Strategies in Equities Fund. This Fund is an...