SBI MF files draft for Nifty 200 Value 30 ETF FOF; key details to know

SBI Mutual Fund has filed the draft papers for its SBI Nifty 200 Value 30 ETF FOF, an open-ended Fund of Fund (FOF) scheme investing in SBI Nifty 200 Value 30 ETF.

The New Fund Offer (NFO) date for the fund is yet to be announced.

Name of the scheme: SBI Nifty 200 Value 30 ETF FOF

Category: Fund of Fund (Domestic)

Type: Open-ended equity scheme investing in SBI Nifty 200 Value 30 ETF

The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by SBI Nifty200 Value 30 ETF. However, there is no guarantee or assurance that the investment objective of the Scheme will be achieved.

The benchmark for the scheme is the Nifty200 Value 30 Total Return Index (TRI), which comprises 30 companies from the Nifty 200 index, selected based on their ‘value’ scores.

Viral Chhadva: Equity Trader at SBI Mutual Fund with over 17 years experience in the financial services sector.

The fund carries an exit load of 1% of applicable NAV for exit on or before 15 days from the date of allotment. For exit after 15 days from the date of allotment, no exit load would be applicable.

During NFO: ₹5,000 and in multiples of ₹1 thereafter. On continuous basis: ₹5000 and in multiples of ₹1 thereafter Minimum additional purchase: ₹1,000 and in multiples of ₹1 thereafter SIP: Investors can invest a fixed amount per frequency. The Scheme offers daily, weekly, monthly, quarterly, semi-annual and annual SIP.

The fund carries a "very high" risk-o-meter.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.