SBI Mutual Fund has launched two exciting new investment schemes: the SBI BSE PSU Bank Index Fund and the SBI BSE PSU Bank ETF. These funds are aimed at giving investors a slice of India’s public sector banking sector. They’ll both track the BSE PSU Bank Index, which means you’ll get a diversified investment in some of the leading PSU banks. Mark your calendars—the New Fund Offer (NFO) starts on March 17, 2025, and ends on March 20, 2025.
Key Highlights of the Schemes
Schemes Launched
- SBI BSE PSU Bank Index Fund (Open-ended index fund)
- SBI BSE PSU Bank ETF (Exchange-traded fund listed on NSE and BSE)
Investment Strategy
• At least 95% of the total assets will be directed towards securities that fall under the BSE PSU Bank Index.
• The remaining 5% will be set aside for government securities, triparty repos, and liquid mutual funds to ensure liquidity management.
• Benchmark Index: BSE PSU Bank TRI
Minimum Investment
- ₹5,000 during the NFO period.
- Subsequent investments in multiples of ₹1.
- Fund Manager: Viral Chhadva (Manages other SBI index funds).
