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SBI Mutual Fund collected over Rs. 900 crore during the NFO of SBI NIFTY50 Equal Weight Index Fund.
The fund house has received more than 40,000 applications during the NFO period.
SBI NIFTY50 Equal Weight Index Fund is an open-ended scheme replicating or tracking the NIFTY50 Equal Weight Index.
In a press release, the company said that it recorded huge collections on the back of significant contributions from all distribution channels and a strong interest from the direct channel.
