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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

August 20, 2018 / 01:36 PM IST

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
Moneycontrol News
first published: Aug 20, 2018 01:36 pm

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