SBI MF launches Consumption Index Fund: All you need to know
25 October 2024
SBI Mutual Fund, India’s largest fund house, on Tuesday launched the SBI Nifty India Consumption Index Fund, an open-ended thematic scheme replicating/ tracking the Nifty India Consumption Index. The New Fund Offer (NFO) period for the scheme is October 16 – 25, 2024.
The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty India Consumption Index and up to 5% in Government securities (like G-Secs, SDLs, treasury bills, and any other instruments as specified by the RBI from time to time), including triparty repo and units of liquid mutual fund.
SBI Mutual Fund, India’s largest fund house, on Tuesday launched the SBI Nifty India Consumption Index Fund, an open-ended thematic scheme replicating/ tracking the Nifty India Consumption Index. The New Fund Offer (NFO) period for the scheme is October 16 – 25, 2024.
The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty India Consumption Index and up to 5% in Government securities (like G-Secs, SDLs, treasury bills, and any other instruments as specified by the RBI from time to time), including triparty repo and units of liquid mutual fund.
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