logo

SBI Nifty Next 50 Index Fund NFO

banner-img
author
verified
Gaurav Seth
20 Likes | 759 days ago

Like

Share

isVerifiedExpertAuthor is a Zfunds Verified Expert
author
Gaurav Seth
Gurugram
whatsapp

SBI Nifty Next 50 Index Fund NFO - All Details

SBI Mutual Fund has announced the launch of the SBI Nifty Next 50 Index Fund. The fund is an open-ended scheme that will be replicating the Nifty Next 50 Index in the same allocation pattern.

The New Fund Offer (NFO) starts on 28th April 2021 and will end on 11th May 2021.

Investment Objective 

The investment objective of the scheme is to provide long-term capital growth by generating returns closely corresponding to the returns of the securities constituting the Nifty Next 50 Index.

Features

  • The Fund will be investing at least 95% of its assets in securities constituting the Nifty Next 50 Index.
  • The fund offers exposure to all the 50 constituents of the Nifty Next 50 through a single unit.
  • The fund also offers some exposure to money market instruments and units of liquid schemes.
  • Lower expense ratio as compared to other active funds.

What is the Nifty Next 50 Index?

  • Stocks that rank between 51st to 100th in terms of market capitalization are the constituents of the Nifty Next 50 Index.
  • In other words, the index represents the balance of 50 companies after excluding Nifty 50 companies from the index of Nifty 100.
  • These stocks are the potential leaders of the market.
  • The index was launched on 24th December 1996 and is rebalanced semi-annually.
  • The methodology of the index is Periodic Capped Free Float.

Top 10 Constituents of Nifty Next 50 Index 

StocksWeightage
Vedanta Ltd3.82%
Adani Green Energy Limited3.52%
Avenue Supermarts3.47%
Infoedge3.30%
ICICI Lombard General Insurance3.12%
Dabur India3.05%
Apollo Hospitals2.91%
Adani Enterprises2.83%
Godrej Consumers2.75%
Pidilite Industries2.75%

*As of 31st March 2021

Nifty Next 50 Index Top 5 Sector Allocation

SectorWeightage
Consumer Goods18.47%
Financial Services16.98%
Pharma10.91%
Consumer Services8.99%
Metals7.91%

*As of 31st March 2021

Why invest in SBI Nifty Next 50 Index Fund?

  • The fund gives access to the growth potential market leader’s stocks.
  • Gives the opportunity to invest in a well-diversified portfolio.
  • Through passive investments, it reduces the unsystematic risks.
  • Gives the opportunity to participate in the journey of tomorrow’s market leaders.

Who Should Invest?

This scheme is suitable for investors who are -

  • Interested in long-term capital growth.
  • Interested in earning returns that closely correspond to the returns generated by the Nifty Next 50 Index, subject to tracking errors.
  • 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)Risk Profile
Equity securities representing Nifty Next 50 Index95%100%Moderate to High
Money market instruments, TriParty repo, and units of liquid schemes 0%5%Low

About the scheme

Name of the fundSBI Nifty Next 50 Index Fund
Fund launched bySBI Mutual Fund 
Asset Management CompanySBI Funds Management Private Limited 
Type of schemeAn open-ended scheme replicating or tracking Nifty Next 50 Index
Investment ObjectiveThe investment objective of the scheme is to provide long-term capital growth to investors by generating returns closely corresponding to the total returns of securities representing the Nifty Next 50 Index.
BenchmarkNifty Next 50 TRI
Entry LoadNot Applicable
Exit Load

-If units redeemed or switched out within 365 days - 1% of applicable NAV

-If units are redeemed or switched out after 365 days - NIL

Taxation

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 multiple of ₹ 1 thereafter
Minimum Additional Amount₹ 1,000 & in multiple of ₹ 1 thereafter
Plans Available
  • Regular
  • Direct
Options
  • Growth
  • IDCW Payout
  • Dividend Reinvestment
Fund ManagersMr. Raviprakash Sharma 

SIP Details

Type Minimum InstallmentsMinimum Amount
Daily SIP12₹ 500 & in multiples of ₹ 1 thereafter
Weekly SIP12₹ 500 & in multiples of ₹ 1 thereafter
6₹ 1,000 & in multiples of ₹ 1 thereafter
Monthly SIP12₹ 500 & in multiples of ₹ 1 thereafter
6₹ 1,000 & in multiples of ₹ 1 thereafter
Quarterly SIP4₹ 1,500 & in multiples of ₹ 1 thereafter
Semi-Annual SIP4₹ 3,000 & in multiples of ₹ 1 thereafter
Annual SIP4₹ 5,000 & in multiples of ₹ 1 thereafter

More Latest NFO List:

ICICI Prudential Flexicap Fund NFO
HDFC Asset Allocator Fund of Funds NFO
Canara Robeco Focused Equity Fund NFO
Aditya Birla Sun Life Multi-Cap Fund NFO
BNP Paribas Aqua Fund of Fund NFO
Mirae Asset NYSE FANG+ ETF Fund of Fund NFO
Parag Parikh Conservative Hybrid Fund NFO
ICICI Prudential Nifty Low Vol 30 ETF FOF NFO
DSP Floater Fund NFO
SBI International Access US Equity Fund of Fund NFO
Invesco India ESG Equity Fund NFO
UTI Nifty 200 Momentum 30 Index Fund NFO - Investment Objective, Returns, Taxation, SIP Details
Nippon India Nifty Midcap 150 Index Fund NFO
ITI Mid Cap Fund NFO - Investment Objective, Returns, Risk, Scheme Details
Motilal Oswal Asset Allocation Passive Fund of Fund NFO
SBI Retirement Benefit Fund NFO

Get Investment Advice from India's Top Experts