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SBI Mutual Fund is launching a new fund offer for SBI Nifty Next 50 Index. The NFO will open on April 28, 2021, and will close on May 11, 2021. 

Read on more to get to know the details of the NFO.

Investment Objective

The scheme by SBI MF aims to provide returns to investors by closely tracking the stocks listed in the Nifty Next 50 Index. This is subject to a tracking error.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Instruments Indicative allocations 

(% of total assets)

Risk Profile
Minimum  Maximum  High/Medium/Low
Securities covered by Nifty Next 50  Index 95 100 Medium to High
Money Market instruments 0 5 Low

Fund Details

Scheme Name SBI Nifty Next 50 Index Fund
Types of Scheme An open-ended mutual fund that will track the Nifty Next 50 Index
NFO Dates April 28 to May 11, 2021
Fund Managers Mr. Raviprakash  Sharma  
Minimum Amount for Application during NFO Rs. 5,000/- & in multiples of Re.1
Minimum Additional Application Amount Rs. 1,000/- & in multiples of Re.1
Minimum Redemption Amount Rs. 500/- or 1 units or account balance whichever is lower. 
Load Entry load: Not applicable 

Exit load: 

1%:  If one exits the scheme before 1 Year from the date of allotment of units:

NIL: If one exits the scheme after 1 Year from the date of allotment

Plans Direct and Regular
Options
  • Growth
  • Income Distribution cum capital withdrawal (IDCW) Option
  • IDCW Re-investment
  • IDCW Payout
  • IDCW Transfer
Minimum SIP Amount Minimum Rs. 1,000 & in multiples of Re 1 after that for minimum 6 months or minimum Rs. 500 and in multiples of Re 1 after that for minimum 12 months

Benchmark

The scheme will benchmark its performance against the Nifty Next 50 index. The NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.

Fund Managers

Raviprakash Sharma

Mr. Sharma has experience of 20 years in capital markets and has worked in capacities like Portfolio Management and Dealing in equity shares.

Other schemes managed by him:

  • SBI-ETF Gold
  • SBI Nifty Index Fund, 
  • SBI-ETF SENSEX
  • SBI Gold Fund
  • SBI-ETF Nifty Bank
  • SBI-ETF BSE 100 
  • SBI ETF Nifty Next 50
  • SBI– ETF Nifty 50
  • SBI ETF SENSEX NEXT 50 
  • SBI ETF Quality
  • SBI Equity Minimum Variance  Fund

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Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.