The biggest fund of SBI Mutual Funds on Thursday announced that investors had placed Rs 8,095 Crore to be a new fund offer for multicap offers, giving 15 percent of the shares of the market recently categorized. Almost all the amount has been raised from retail investors, and the subscription comes from 82 percent of the PIN code in this country, business officials D P Singh said.

The average ticket size also dropped to more than Rs 2 Lakh from RS 5 Lakh before. The market regulator Sebi has redefined the multtikap category, and SBI MF has launched its offerings in accordance with new norms, said Singh, expressing satisfaction with investor responses.

The asset management company, which has raised more than Rs 14,000 Crore in New Fund Offer (NFO) for balanced profit funds, targets to collect RS 5,000 Crore through NFO multicap funds, said Singh. He said Balanced Advantage is a very broad category when multicap is a product that focuses on pure equity.

Apart from that, the latest offerings also challenged, Singh added. One third of the total investors who have subscribed to the new Multicap Fund NFO with the mutual fund industry, which he noticed.

NFO complements the product suite for the company and will not see a new launch again, he said, adding efforts to educate distributors to encourage existing schemes to investors after understanding their risk appetite. Singh also said this is the right time to invest in the equity market because of the lower assessment that will help investors get better returns over time.