MUTUAL FUNDS
SBI MF introduces Nifty IT Index Fund
Feb-04-2025

SBI Mutual Fund has launched SBI Nifty IT Index Fund, an open-ended scheme replicating/ tracking Nifty IT Index. The NFO opens for subscription on February 04, 2025 and closes on February 17, 2025. No Entry Load will be charged for the scheme. The Exit load will be 0.25% - for exit on or before 15 days from the date of allotment and Nil- for exit after 15 days from the date of allotment. The minimum subscription amount is Rs 5,000/- and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty IT Index TRI and its fund manager is Harsh Sethi.

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.






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