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 error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
| Fund Overview | |
|---|---|
| Exit Load | 0.25% for redemption within 15 days. |
| Min. SIP Amount | ₹ 100 |
| Min. LumpSum Amount | ₹ 100 |
| Launch Date | 26th Jun 2024 |
| End Date | 9th Jul 2024 |
| Allotment Date | 12th Jul 2024 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | Nil |
| Scheme Benchmark | Nifty 500 TRI |
| Risk | Very High |
| Scheme Category | Other, Index |
| Fund Manager | Karthik Kumar |
| AMC Details | |
|---|---|
| AMC Name | SBI Mutual Fund |
| RTA | Computer Age Management Services Ltd. |
| Total AUM | ₹ 7,53,166.71 Cr |
| Total Schemes | 63 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About SBI Mutual Fund.
SBI Mutual Fund, established on June 29, 1987, is India’s second asset management company after UTI. SBI Funds Management Ltd. was incorporated on February 7, 1992, to offer diverse mutual fund schemes. In 1999, SBI launched India’s first Contra fund, focusing on undervalued stocks.
In 2004, SBI sold 37% of its mutual fund arm to Societe Generale, with Amundi acquiring this stake in 2011. In 2015, SBI introduced India’s first ESG Fund and received a Rs 5,000 crore EPFO investment in its Sensex ETFs. CAMS serves as its registrar, and Mr. Vinay M. Tonse is the managing director.
Happy Investing,
Saurav Parui