SBI MF launches Consumption Index Fund: All you need to know

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.