SBI Mutual Fund launches SBI Nifty50 Equal Weight Index Fund

NFO period: 16^th January – 29^th January, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/ tracking NIFTY50 Equal Weight 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 errors. However, there is no guarantee or assurance that the investment objective of the scheme would 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.5000/- and in multiples of Rs.1/- thereafter


• Plan/ Options available – Regular plan & Direct plan having Growth Option and Income Distribution cum capital withdrawal (IDCW) Option. Under the IDCW option, facility for Payout of Income Distribution cum capital withdrawal option (IDCW Payout), Reinvestment of Income Distribution cum capital withdrawal option (IDCW Re-investment) & Transfer of Income Distribution cum capital withdrawal plan (IDCW Transfer).


• Fund Manager – Mr. Viral Chhadva


• Benchmark – Nifty50 Equal Weight TR Index