NFO Information
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1. SBI Mutual Fund announces launch of SBI Nifty50 Equal Weight Index Fund.
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2. It's an open-ended index fund scheme.
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3. SBI Nifty50 Equal Weight Index Fund tracks the NIFTY50 Equal Weight index.
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4. This NFO will open for public subscription from January 16, 2024 and close on January 29, 2024.
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5. For exit on or before 15 days from the date of allotment, exit load is 0.25%.
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6. For exit after 15 days from the date of allotment, exit load is Nil.
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7. There is no entry load.
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8. Minimum investment is of ₹5,000 and in multiples of Re 1 thereafter.
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9. The fund manager of the SBI Nifty50 Equal Weight Index Fund will be Viral Chhadva.
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10. This scheme carries the tag of 'Very High Risk'.
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11. Similar Fund Returns: UTI NIFTY50 Equal Weight Index Fund - Direct Plan (Returns for last six months = 18.73%) (January 2024)
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12. Similar Fund Returns: Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund - Direct Plan (Returns for last one year = 7.10%) (January 2024)
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Information presented here is only for educational purposes. Please consult your financial advisor before making any decision. Stock Market investments are subject to market risk. Please read the offer documents carefully before investing. Past performances are no guarantee of future returns.
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