DelhiDesk SBI Mutual Fund has launched the SBI S&P BSE Sensex Index Fund, an open-ended scheme that tracks the S&P BSE Sensex Index. The new fund offer (NFO) of the scheme opened for subscription on May 18 and will close on May 24. The scheme aims to replicate the composition of the S&P BSE Sensex Index and generate returns that are commensurate with its performance, subject to tracking errors. Investors can invest in the scheme daily, weekly, monthly, quarterly, semi-annually, and annually through a systematic investment plan (SIP). The minimum application amount is Rs. 5,000.
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– SBI Mutual Fund launched the SBI S&P BSE Sensex Index Fund, an open-ended scheme tracking the S&P BSE Sensex Index
– The new fund offer (NFO) opened for subscription on May 18 and closed on May 24
– The scheme will commence for sale/repurchases within five business days from the date of allotment
– The minimum application amount is 5,000, after that, in multiples of Re. 1
– One can invest in the scheme daily, weekly, monthly, quarterly, semi-annually, and annually through a systematic investment plan (SIP)
– The objective of the scheme is to replicate the composition of the S&P BSE Sensex Index and generate commensurate returns, subject to tracking errors
– There is no guarantee or assurance that the investment objective of the scheme will be achieved
– Index funds are mutual funds that track a specific index, such as SENSEX, Nifty 50, Nifty 500, Nifty Smallcap 250, Nifty Midcap 150, etc.
– Investing in Index Funds has advantages like convenience and low costs among others
– First-time investors, people looking to diversify their investment portfolio, and those who want to take a tactical view on a certain segment of the market should invest in this SBI MF fund
– Passive equity funds can help new investors avoid any fund manager bias and offer a diversified investment portfolio.
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