{"id":13217,"date":"2018-09-19T04:33:43","date_gmt":"2018-09-19T04:33:43","guid":{"rendered":"http:\/\/faceinews.com\/?p=13217"},"modified":"2018-09-19T04:33:43","modified_gmt":"2018-09-19T04:33:43","slug":"sbi-mutual-fund-launches-sbi-etf-sensex-next-50","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=13217","title":{"rendered":"SBI Mutual Fund launches SBI-ETF Sensex Next 50"},"content":{"rendered":"

\"SBI<\/a><\/strong><\/p>\n

\"Faceinews<\/a><\/p>\n

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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 NFO starts for subscription on Sep 05 and closes on Sep 17, 2018<\/strong><\/p>\n

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September 12, 2018, Mumbai:\u00a0<\/strong>SBI Mutual Fund (SBI MF), one of the leading mutual fund houses in the country, today announced the launch of SBI-ETF Sensex Next 50, an open-ended equity scheme, tracking S&P BSE Sensex Next 50 Index.<\/p>\n

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The scheme aims to generate returns that closely correspond to the total returns of the securities as represented by the underlying index.<\/p>\n

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The\u00a0NFO starts for subscription on Sep 05 and closes on Sep 17, 2018. The minimum application amount is INR 5,000 and the units of the scheme can be purchased \/ redeemed on the exchange.<\/p>\n

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The scheme would invest up to a minimum of 95 per cent in securities covered by S&P BSE Sensex Next 50 Index, which have a medium to high risk profile. While for the residual 5%, the scheme will look to invest into money market instruments which have a low risk profile.<\/p>\n

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Speaking on the occasion,\u00a0<\/strong>Mr. Navneet Munot, CFA \u2013 Chief Investment Officer, SBI MF<\/strong>\u00a0<\/strong>said<\/strong>, \u201cSBI Mutual Fund has been a leader in the passive management space. We have built a strong capability in the passive investment side and the launch of SBI-ETF Sensex Next 50 is another step in that direction. The scheme offers investors the opportunity to invest in these high-growth 50 stocks through a cost-efficient and convenient manner.\u201d<\/p>\n

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The advantage for retail investors to invest in ETFs includes transparency, liquidity, diversification, flexibility and cost effectiveness.<\/p>\n

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The fund manager for this scheme will be Mr. Raviprakash Sharma, who is a CA from ICAI and a charter holder from CFA Institute, USA. He joined SBI Funds Management Private Limited in 2011 and has over 18 years of experience in the capital markets across equity & fixed income segments.<\/p>\n

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About SBI\u00a0Funds Management Private Limited, the asset management company of SBI Mutual Fund<\/strong>:<\/p>\n

With over 30 years of rich experience in fund management, we at SBI Funds Management Private Limited bring forward our expertise by consistently delivering value to our investors. We have a strong and proud lineage that traces back to the State Bank of India (SBI) – India’s largest bank. We are a Joint Venture between SBI and AMUNDI (France), one of the world’s leading asset management companies. With a network of over 180 SBI MF branches across India, we deliver value and nurture the trust of our vast and varied family of investors.<\/p>\n

Excellence has no substitute. And to ensure excellence right from the first stage of product development to the post-investment stage, we are ably guided by our philosophy of \u2018growth through innovation\u2019 and our stable investment policies. This dedication is what helps our customers achieve their financial objectives.<\/p>\n

SBI Mutual Fund manages an AAUM of over INR. 2,33,114 crores (excluding Domestic Fund of Funds) as on June 30, 2018.<\/p>\n

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 NFO starts for subscription on Sep 05 and closes on Sep 17, 2018 September 12, 2018, Mumbai:\u00a0SBI Mutual Fund (SBI MF), one of the leading mutual fund houses in the country, today announced the launch of SBI-ETF Sensex Next 50, an open-ended equity […]<\/p>\n","protected":false},"author":2,"featured_media":13218,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-13217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13217"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13217\/revisions"}],"predecessor-version":[{"id":13219,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13217\/revisions\/13219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/13218"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}