SBI Nifty 500 Index Fund NFO: Everything you need to know

19 Sep 2024 , 01:17 PM

SBI Mutual Fund is launching NFO under its “Index Fund”, named as SBI Nifty 500 Index Fund. The open ended fund aims to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Index before expenses.

Investment strategy: SBI Nifty 500 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty 500 Index.

Asset allocation: The scheme will invest in Nifty Index, Equity Derivatives, cash equivalents and money market instruments.

Who should invest?

Investors with very high risk appetite should invest in the SBI Nifty 500 Index Fund for 5 to 7 years.

Risk associated: Very high level of risk.

Benchmark: Nifty TRI

Fund Managers: Mr. Viral Chhadva

The NFO is available for subscription from September 17 to September 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 ₹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 Nifty 500 Index Fund.