The WISE in SBI WISE stands for Winning Investment Strategies in Equities Fund, and this is an open ended equity scheme.
Minimum Investment in the NFO
The initial investment required for this is Rs.10,000 for the non SIP plan, and Rs. 12,000 for the SIP purchase. There is no entry load, but there is an exit load of 1% if you exit within one year of allotment.
Equity Oriented Fund
The SBI WISE mutual fund is an equity oriented fund and will invest 90% â€“ 100% of its assets in equity and 0% â€“ 10% of its assets in debt and money market instruments.