SBI Mutual Fund launches SBI Nifty India Consumption Index Fund

NFO period: 16^th October - 25^th October, 2024

Highlights of the NFO:

• Scheme type - An open ended equity scheme following consumption theme.


• Investment objective - The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved


• Product suitability - This product is suitable for investors who are seeking Long term capital appreciation. Investment in securities overed by Nifty India Consumption Index.


• Minimum Application Amount - Rs. 5000/- and in multiples of Re. 1/- thereafter.


• Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with IDCW Payout, IDCW Transfer and IDCW Reinvestment).


• Fund Managers - Mr. Harsh Sethi


• Benchmark - Nifty India Consumption TRI Index.