SBI Nifty 50 Equal Weight ETF NFO : Review & Complete Analysis
The investment period for the Scheme is set for July 08, 2024, to July 12, 2024. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will allocate 95–100% of its investment capital to the assets that make up the NIFTY50 Equal Weight Index TRI. The remaining portion will be allocated to government securities (G-secs), state development loans (SDLs), treasury bills, including triparty repo, and liquid mutual fund units. The fund's asset allocation is around 99.78% stocks, 0% debt, and 0.22% cash and cash equivalents
sonu
Share this Post to earn Money ( Upto ₹100 per 1000 Views )
SBI Nifty 50 Equal Weight ETF - NFO Overview
The SBI Nifty 50 Equal Weight ETF, a large-cap open-ended scheme by SBI Mutual Fund House, was launched on January 31, 2024. This ETF is designed for investors seeking long-term capital growth by investing in securities included in the Nifty 50 Equal Weight Index. The minimum investment is Rs. 5000.
Fund Overview
-
Start Date: July 08, 2024
-
End Date: July 12, 2024
-
AUM (Fund Size): Rs. 954.55 crore (as of May 31, 2024)
-
Benchmark: NIFTY 50 Equal Weight Total Return Index
-
Min. Investment: Rs. 5000 and in multiples of Rs. 1
-
VRO Rating: Not available
-
Lock-In: Not applicable
-
Stamp Duty: 0.005% (from July 1, 2020)
Objective
The fund aims to provide returns comparable to the total returns of the securities in the Nifty 50 Equal Weight Index, subject to tracking errors. There is no guarantee that the investment objectives will be achieved.
Risk Factors
-
Equity investments are volatile with daily price swings influenced by micro and macroeconomic factors.
-
Potential delays in settlement and liquidity issues could affect the fund's performance.
-
High redemption requests may delay unit redemption due to limited liquidity in investments.
The SBI Nifty 50 Equal Weight ETF is a very high-risk investment focused on equities with no guarantee of achieving its investment goals. Investors should thoroughly research and consider their investment objectives and time horizon before investing.
