SBI Mutual Fund launches SBI Nifty50 Equal Weight ETF

NFO period: 08^th July – 12^th 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