SBI Mutual Fund launches SBI Nifty Bank Index Fund

NFO period: 20^th January – 31^st January, 2025

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to provide returns that 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 – This product is suitable for investors who are seeking long term capital appreciation by investing in securities covered by Nifty Bank Index.


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


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option (Reinvestment of Income Distribution cum Capital Withdrawal Option, Payout of Income Distribution cum Capital Withdrawal Option).


• Fund Manager – Mr. Harsh Sethi


• Benchmark – Nifty Bank TRI Index