SBI ETF Consumption NFO – Feature and Investment Objective

Manish Kothari
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Manish Kothari

SBI ETF Consumption NFO

SBI Mutual Fund has announced the launch of the SBI ETF Consumption. The scheme would be predominantly investing its assets in the equity securities representing the Nifty India Consumption Index. 

The New Fund Offer (NFO) starts on 30th June 2021 and will end on 14th July 2021.

Investment Objective 

The scheme’s investment objective is to generate long-term capital growth by providing returns similar to the returns generated by the underlying securities of the Nifty India Consumption Index, less any tracking errors.


  1. The fund will be investing a minimum of 95% of its assets in the equity securities of the underlying index.
  2. The fund may allocate up to 5% of its assets in money market instruments, or units of liquid schemes for liquidity.
  3. The fund may also allocate up to 5% of its assets in equity derivatives

About the Index

  • The base or inception date of the index is 02 January 2006
  • The index has a total no. of 30 constituent stocks listed on NSE
  • The rebalancing of the index is done semi-annually
  • Performance: Rs.10,000 invested in January 2006 would have become Rs.62.026 as of May 2021
  • Construction: The underlying index i.e Nifty India Consumption Index is designed in a way to reflect the performance of a diversified portfolio of stocks across sectors in the consumption space.
  • Sectors: The index constitutes stocks of sectors like Healthcare, Auto, Telecom, Hotels, Consumer Non-durable, Pharmaceuticals, Media. etc.

Top 10 Constituents - Nifty India Consumption Index

Hindustan Unilever 9.69%
ITC 9.49%
Asian Paints9.02%
Bharti Airtel8.69%
Maruti Suzuki6.33%
Mahindra & Mahindra5.20%
Titan Company4.48%
Nestle India4.24%
Bajaj Auto3.67%
Avenue Supermarts3.07%

Who Should Invest?

This scheme is suitable for investors who are -

  • Interested in long-term capital growth.
  • Interested in investing in equity securities representing the Nifty India Consumption Index.
  • Recommended for investors with an investment horizon of 3-5 years & above.

Asset Allocation Pattern

InstrumentsMinimum % of total assets (Indicative)Maximum % of total assets (Indicative)
Equity securities representing the Nifty India Consumption Index95%100%
Units of liquid funds, Money market instruments including Triparty repos 0%5%

About the Scheme

Name of the fundSBI ETF Consumption NFO
Fund launched bySBI Mutual Fund
Asset Management Company

SBI Funds Management Private


Type of schemeAn open-ended scheme tracking the Nifty India Consumption Index.
Investment ObjectiveThe investment objective of the scheme is to generate returns closely corresponding to the total returns of the stocks representing the Nifty India Consumption Index.  
BenchmarkNifty India Consumption TR
Entry LoadNot Applicable
Exit LoadNot Applicable

Taxed as Equity

-If units are redeemed within 12 months, gains are taxed as short term capital gain tax @15%

-If units are sold after 12 months, gains are taxed as long term capital gain tax @10% on the gains exceeding ₹ 1 lakh in a financial year

Minimum Application Amount ₹ 5,000 & in multiples of ₹ 1 thereafter
Fund ManagersMr. Harsh Sethi

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