- Home
News SBI Mutual Fund launches SBI Nifty50 Equal Weight ETF
Jul 8, 2024
Mutual Fund
SBI Mutual Fund launches SBI Nifty50 Equal Weight ETF
NFO period: 08th July ? 12th July, 2024
Highlights of the NFO:
- Scheme type ? An open-ended Exchange Traded Fund replicating/ tracking NIFTY50 Equal Weight Index
- Investment objective ? The investment objective of the scheme is to provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
- Product suitability ? The product is suitable for investors who are seeking long term capital appreciation by investing in securities covered by Nifty50 Equal Weight Index.
- Minimum Application Amount ? First investment is Rs.5,000/- and in multiples of Rs.1/- thereafter
- Plan/ Options available ? Not available.
- Fund Manager ? Mr. Viral Chhadva
- Benchmark ? NIFTY 50 Equal Weight TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
Recent News
HDFC Mutual Fund launches HDFC Nifty India Digital Index Fund...
To generate returns that are commensurate (before fees and expenses) with the pe...
Read more
Axis Mutual Fund launches Axis Momentum Fund...
The scheme aims to provide long-term capital growth from an actively managed div...
Read more
Mirae Asset Mutual Fund launches Mirae Asset Long Duration Fund...
The investment objective of the scheme is to seek to generate returns through an...
Read more