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SBI Mutual Fund has launched SBI Nifty50 Equal Weight ETF, an open-ended Exchange Traded Fund replicating/ tracking NIFTY50 Equal Weight Index. The NFO opens for subscription on July 08, 2024 and closes on July 12, 2024. No Entry Load is charged and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the Scheme is measured against NIFTY 50 Equal Weight 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 err