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SBI Mutual Fund, India’s largest fund house announces the launch of SBI Nifty Midcap150 Momentum 50 ETF, an open-ended Exchange Traded Fund replicating/ tracking Nifty Midcap 150 Momentum 50 Index. The New Fund Offer (NFO) period for the scheme is February 17 – 24, 2026.

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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Mr. Nand Kishore, MD & CEO, SBI Funds Management Limited, said: "At SBI Mutual Fund, we remain focused on developing a comprehensive suite of passive investment solutions that address evolving investor needs. The SBI Nifty Midcap150 Momentum 50 ETF provides access to momentum driven opportunities within the mid cap segment, enabling investors to strengthen portfolio diversification through a disciplined and transparent approach."

Mr. D P Singh, Deputy MD & Joint CEO, SBI Funds Management Limited, said: " Momentum strategies aim to identify stocks that exhibit sustained performance trends, and the Nifty Midcap150 Momentum 50 Index applies this approach within the mid?cap segment through a transparent, rules?based process. The SBI Nifty Midcap150 Momentum 50 ETF provides investors with an additional avenue to access this style of investing in an efficient format, helping them diversify their portfolios in line with their individual objectives."

The scheme would primarily invest a minimum of 95% and upto 100% of its assets in stocks comprising the Nifty Midcap 150 Momentum 50 Index and up to 5% in Government securities (like G-Secs, SDLs, and treasury bills), including triparty repo and units of liquid mutual fund. The minimum application amount during the NFO is ? 5,000 and in multiples of ? 1 thereafter with additional purchases of ? 1,000 and in multiples of ? 1 thereafter. Investments can also be done through daily, weekly, monthly, quarterly, semi-annual, and annual SIPs (Systematic Investment Plans). For more information, please refer to the Scheme Information Document.

The fund manager for the SBI Nifty Midcap150 Momentum 50 ETF is Mr. Viral Chhadva, who has been associated with the fund house since December 2020. He currently manages passive offerings such as the SBI Nifty50 Equal Weight ETF (an open-ended exchange traded fund replicating/tracking the Nifty 50 Equal Weight Index), the SBI Nifty50 Equal Weight Index Fund (an open-ended scheme replicating/tracking the Nifty 50 Equal Weight Index), the SBI Nifty 500 Index Fund (an open-ended scheme replicating/tracking the Nifty 500 Index), the SBI BSE PSU Bank ETF (an open-ended scheme replicating/tracking the BSE PSU Bank Index), the SBI BSE PSU Bank Index Fund (an open-ended scheme replicating/tracking the BSE PSU Bank Index), the SBI Nifty200 Quality 30 Index Fund (an open-ended scheme replicating/tracking the Nifty200 Quality 30 Index), the SBI Nifty100 Low Volatility 30 Index Fund (an open-ended scheme replicating/tracking the Nifty100 Low Volatility 30 Index), and the SBI Nifty200 Momentum 30 Index Fund (an open-ended scheme replicating/tracking the Nifty200 Momentum 30 Index).

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