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
Moneycontrol News
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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 indexwill 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
First Published on Aug 20, 2018 01:36 pm