SBI MF introduces S&P BSE Sensex Index Fund
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SBI Mutual Fund (MF) has launched SBI S&P BSE Sensex Index Fund, an open-ended scheme tracking S&P BSE Sensex Index. The NFO opens for subscription on May 18, 2023 and closes on May 24, 2023. The Entry load is not applicable for the scheme. An Exit load of 0.20% if units are redeemed/ switched-out on or before 15 days from the date of allotment and nil after 15 days from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked to the performance of S&P BSE Sensex TRI and its fund manager is Raviprakash Sharma.
The investment objective of the scheme is to replicate the composition of the S&P BSE Sensex Index and to generate returns that are commensurate with the performance of the S&P BSE Sensex Index, subject to tracking errors.
