SBI Mutual Fund is launching NFO under its “Index Funds category”, named as SBI S&P BSE Sensex Index Fund. This open-ended fund of fund seeks to generate long-term capital appreciation by passively investing in stocks comprising the S&P BSE Sensex in the same proportion as in the index to achieve returns equivalent to the total returns index of S &P BSE Sensex Index.
Investment strategy: The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the S&P BSE Sensex Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of S&P BSE Sensex Index by minimizing the performance difference between the benchmark index and the scheme.
Asset allocation: The corpus of the Scheme, subject to the enabling provisions of asset allocation pattern, will be invested in Stocks comprising the S&P BSE Sensex Index.
Who should invest?
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in SBI S&P BSE Sensex Index Fund.
Risk associated: Very high level of risk.
Benchmark: S&P BSE Sensex Index.
Fund Managers: Mr. Raviprakash Sharma.
The NFO is available for subscription from May 18 to May 24. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter.
It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in SBI S&P BSE Sensex Index Fund.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.