Benefit from India’s growing 'Consumption Theme' with *SBI Nifty India Consumption Index Fund*. NFO now open!
The new fund offer (NFO) launched by SBI Mutual Fund akin to the IPO offer will be launched for public subscription on October 16 and will end on 25th October, 2024.
It is an open-ended mutual fund scheme, so investors can purchase units even after the NFO period. Open-ended schemes permit investors to enter or exit anytime. The scheme will re-open for continuous sale and repurchase on 6th November, 2024.
The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty India Consumption Index and up to 5% in Government securities (like G-Secs, SDLs, and treasury bills.
This new fund will focus on sectors directly related to consumer demand such as FMCG, Consumer Durables, Consumer Services, and Automobiles, reflecting the increasing consumption theme in India. these sectors are crucial for capturing the growth in consumer spending.
Minimum Amount for lumpsum investment: Rs.5000
