SBI ETF IT New Fund Offer Details

SBI ETF IT NFO Subscription period From 6th October to 13th October 2020:

SBI Mutual Fund introduced its new fund offer, namely, SBI ETF IT. So then, this fund comes as an open-ended scheme and the fund category is Other Scheme-Other ETFs fund. Besides, the NFO subscription period started on 6th October and it will be closed on 13th October 2020.

NFO Period:

Fund Name  SBI ETF IT
Fund House SBI Mutual Fund
Benchmark Nifty IT TRI
NFO Period 6th October to 13th October 2020

The SBI Mutual Fund NFO offered the initial price of Rs. 10 per each unit in the subscription period. Moreover, the face value of the mutual fund is Rs. 10 per each unit. The benchmark of this NFO is Nifty IT TRI.

Entry Load and Exit Load:

There was nil entry load for this NFO. Similarly, nil exit loads applicable to this new fund offer. Similarly, the nil exit loads applicable for this NFO.

SBI ETF IT Minimum Investment Amount:

Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood as Rs. 5,000 and in multiples of ₹ 1 thereafter. Furthermore, the minimum target amount of the scheme is Rs. 10 Cr.

Allocation Pattern:

Instruments  Allocation (% of total assets) Risk Profile
Securities covered by Nifty IT Index 95% to 100% Medium to Low
Equity Derivatives 0% to 5% Medium to High

Objects of the NFO:

The investment objective of the scheme plans to generate long term capital appreciation through investing in closely correspond to the total returns of the securities or underlying index, subject to the tracking error. As well as, the investor needs to know the fund has been introduced with the high-risk principle. It schemes available in both the direct plan and regular plan.

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk.

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