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  • NFO News SBI MF launches two equity index funds

    SBI MF launches two equity index funds

    NFOs of the both the funds open on September 21 and close on September 26.
    Team Cafemutual Sep 21, 2022

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    SBI Mutual Fund has launched two equity index funds - SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund.

    Both are open-ended schemes and will replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.

    In a press release, DP Singh, Deputy MD & Chief Business Officer, SBI Mutual Fund said, "We continue to expand our bouquet of offerings in the passive investment space. Mid and small cap index funds provide a gateway to investors looking to tap into the growth potential of these emerging businesses as they move up the market capitalisation curve from being small caps to mid-caps and eventually large caps.”

    The scheme would invest a minimum of 95% and a maximum of 100% of its assets in securities covered by the underlying indices – Nifty Midcap 150 Index and the Nifty Smallcap 250 Index, with up to 5% in money market instruments.

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