SBI Mutual Fund files offer document for Nifty 200 Value 30 ETF FOF
SBI Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund named ‘SBI Nifty 200 Value 30 ETF FOF’. The New Fund Offer price for units would be Rs 10 per unit during the NFO. Entry load will be nil. Exit load- For exit on or before 15 days from the date of allotment: 1%, For exit after 15 days from the date of allotment: Nil. The Scheme offers growth and IDCW options for investment, and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty200 Value 30TRI. The minimum application amount during NFO will be Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by SBI Nifty200 Value 30 ETF.
