SBI Mutual Fund launches SBI ETF Private Bank

NFO period: 06^th October – 13^th October, 2020

Highlights of the NFO:

• Scheme type – An open-ended scheme tracking Nifty Private Bank Index


• Investment objective – The investment objective of the scheme is to provide return 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 Nifty Private Bank Index.


• Minimum Application Amount – First investment is Rs.5000/- and in multiples of Rs.1/- thereafter


• Plan/ Options available – Not available.


• Fund Manager – Mr. Harsh Sethi


• Benchmark – Nifty Private Bank TRI