SBI Mutual Fund launches files draft documents with Sebi for 5 passive funds

SBI Mutual Fund, the largest fund house based on assets managed, has filed draft documents with Sebi for five funds: SBI Nifty200 Momentum 30 Index Fund, SBI Nifty100 Low Volatility 30 Index Fund, SBI Nifty200 Quality 30 Index Fund, SBI BSE PSU Bank ETF, SBI BSE PSU Bank Index Fund.

These five schemes will be managed by Viral Chhadva. The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter in all five schemes.

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SBI Nifty200 Momentum 30 Index Fund

SBI Nifty200 Momentum 30 Index Fund will be an open-ended scheme replicating/ tracking Nifty200 Momentum 30 Index. The investment objective of the scheme will be to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme will be benchmarked against Nifty200 Momentum 30 Index.

SBI Nifty100 Low Volatility 30 Index Fund

SBI Nifty100 Low Volatility 30 Index Fund will be an open-ended scheme replicating/ tracking Nifty100 Low Volatility 30 Index. The investment objective of the scheme will be to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme will be benchmarked against Nifty100 Low Volatility 30 Index Fund.

SBI Nifty200 Quality 30 Index Fund

SBI Nifty200 Quality 30 Index Fund will be an open-ended scheme replicating/ tracking Nifty200 Quality 30 Index. The investment objective of the scheme will be to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme will be benchmarked against Nifty200 Quality 30 Index.

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SBI BSE PSU Bank ETF

SBI BSE PSU Bank ETF will be an open-ended Exchange Traded Fund replicating / tracking BSE PSU Bank Index. The investment objective of the scheme will be to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme will be benchmarked BSE PSU Bank TRI.

SBI BSE PSU Bank Index Fund

SBI BSE PSU Bank Index Fund will be an open-ended scheme replicating / tracking BSE PSU Bank Index. The investment objective of the scheme will be to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme will be benchmarked against BSE PSU Bank TRI.

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