SBI ETF Nifty Next 50
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|Risk||Moderately High risk|
More about this fund
|Adani Green Energy Ltd||5.28%|
|Avenue Supermarts Ltd||4.05%|
|Info Edge (India) Ltd||3.88%|
|Tata Consumer Products Ltd||3.83%|
|ICICI Lombard General Insurance Co Ltd||3.76%|
|Dabur India Ltd||3.36%|
|Godrej Consumer Products Ltd||3.15%|
|Bandhan Bank Ltd||2.95%|
|Aurobindo Pharma Ltd||2.9%|
|Pidilite Industries Ltd||2.79%|
About SBI ETF Nifty Next 50
The SBI ETF Nifty Next 50 is an open-ended scheme which aims to provide returns closely corresponding to the total returns of the securities as represented by the underlying index. The scheme will not invest more than 5% in Money Market Instruments. SBI ETF Nifty Next 50 aims to achieve capital appreciation over a long-term investment horizon.
Pros & Cons of SBI ETF Nifty Next 50
SBI ETF Nifty Next 50 offers the following benefits:
- The fund enables investors to be a part of companies that are on the verge of making it big.
- The scheme is a cost-effective and convenient method for investing in upcoming top companies.
The 1-year and 2-year returns of the fund are lower than the average category return.
Fund Information and Statistics of SBI ETF Nifty Next 50
i) Inception / Launch date
The SBI ETF Nifty Next 50 was launched on March 02, 2015 by SBI Mutual fund.
ii) Risk level
The scheme is a moderately high-risk investment and suitable for investors who are seeking long-term wealth creation by investing in potential of Nifty Next 50 companies.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of the request.
iv) Fund Manager
The fund is managed by Mr Raviprakash Sharma since inception. He is a B.com, CA, and CFA (USA).
v) Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in SBI ETF Nifty Next 50
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, will be taxed at 10% without indexation if redeemed after one year.
About SBI Mutual Fund
SBI Mutual Fund is equipped with over 30 years of experience in delivering value and nurturing trust among the investors. The fund house strives to set new benchmarks by through well-research investment and active fund management based on analysis. It also believes in growing through innovation and optimal risk management.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns