Moneycontrol
you are here: HomeNewsBusiness
Last Updated : Aug 20, 2018 01:36 PM IST | Source: Moneycontrol.com

SBI Mutual Fund seeks SEBI nod for Nifty 200 Quality 30 index ETF

The open-ended scheme tracking Nifty 200 Quality 30 index will allocate at least 95 percent of its assets in Nifty 200 Quality 30 Index

Moneycontrol News @moneycontrolcom

SBI Mutual Fund has sought the Securities and Exchange Board of India's approval to launch SBIETF Quality, according to the draft offer document on the regulator's website.

The open-ended scheme tracking Nifty 200 Quality 30 index

will allocate at least 95 percent of its assets in Nifty 200 Quality 30 Index.

Up to 5 percent of the assets under management will be deployed in money market instruments and units of liquid mutual funds.

Other features:

*Minimum application: Rs 5,000 and in multiples of one rupee thereafter
*Exit load: Nil
*Performance benchmark: Nifty 200 Quality 30 Index*Fund manager: Raviprakash Sharma
Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.
First Published on Aug 20, 2018 01:36 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant