NFO Alert: SBI Mutual Fund launches SBI Nifty50 Equal Weight Index Fund; everything you need to know

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₹5,000 per plan/option and in multiples of Re 1. There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumSecurities covered by the Nifty50 Equal Weight index95%100%Medium to HighGovernment securities including triparty repo, and units of liquid mutual fund0%5%Low to Medium To date, Kotak Mahindra Mutual Fund House and UTI Mutual Fund have launched similar funds.

These include:Mutual Fund HouseName of the fundKotak Mahindra Mutual FundKotak Nifty SDL Apr 2027 Top 12 Equal Weight Index FundUTI Mutual FundUTI Nifty50 Equal Weight Index FundSource: AMFI (As of January 16, 2024) The scheme primarily invests in securities that are constituents of the Nifty50 Equal Weight index. Thus, the composition of the aforesaid benchmark is such that it is most suited for comparing the performance of the scheme. The benchmark of the scheme is a Total Return Index.

This scheme involves no “Entry Load", which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load" will be charged as: • For exit on or before 15 days from the date of allotment – 0.25% • For exit after 15 days from the date of allotment – Nil Viral Chhadva is the dedicated fund manager of the SBI Nifty50 Equal Weight Index Fund. The scheme involves “Very High Risk" as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to very high risk.