SBI ETF Private Bank NFO Period From 6th October to 13th October 2020:
SBI Mutual Fund introduced its new fund offer, namely, SBI ETF Private Bank. 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.
|Fund Name||SBI Mutual Fund|
|Fund House||SBI ETF Private Bank|
|Benchmark||Nifty Private Bank 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 Private Bank NFO 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.
|Instruments||Allocations (% of total assets)||Risk Profile|
|Securities covered by Nifty Private Bank Index||95% to 100%||Medium to High|
|Equity Derivatives||0% to 5%||Medium to High|
|Money market instruments including triparty repo and units of liquid mutual fund||0% to 5%||Low|
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.