SBI MF introduces BSE PSU Bank Index Fund
SBI Mutual Fund (MF) has launched SBI BSE PSU Bank Index Fund, an open-ended scheme replicating / tracking BSE PSU Bank Index. The NFO opens for subscription on March 17, 2024 and closes on March 20, 2024. No Entry Load is 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 BSE PSU Bank TRI and its fund manager is Viral Chhadva.
The investment objective of the scheme is to provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
