The New Fund Offer (NFO) will open on May 16, 2025, and close on May 29, 2025.
The fund aims to offer investors exposure to 30 companies selected from the broader Nifty 200 index based on specific quality metrics. These include return on equity (ROE), financial leverage (debt/equity ratio), and earnings growth variability, assessed over a five-year period.
The index applies a cap of 5% on the weight of each stock.
According to the fund house, the investment objective is to provide returns that correspond to the performance of the underlying index, subject to tracking error. However, it cautions that there is no guarantee the investment objective will be achieved.
Speaking on the launch, Nand Kishore, MD & CEO of SBI Funds Management, said the index was designed to identify financially sound companies with consistent performance.
D P Singh, Deputy MD & Joint CEO, added that the fund provides a low-cost route for investors to participate in high-quality businesses through a passive investment approach.
The scheme will allocate 95–100% of its assets to stocks in the Nifty200 Quality 30 index, and up to 5% in government securities, including treasury bills and triparty repos.
The minimum application amount during the NFO is ₹5,000, with additional investments of ₹1,000 allowed thereafter. Investors can also opt for SIPs across multiple frequencies.
Viral Chhadva will manage the fund. He currently oversees other passive products at SBI Mutual Fund, including the SBI Nifty50 Equal Weight ETF and SBI Nifty 500 Index Fund.
SBI Mutual Fund is the country’s largest fund house with assets under management (AUM) of over ₹11 lakh crore as of April 30, 2025.
It is a joint venture between State Bank of India and Amundi, a global asset management firm.
First Published: May 15, 2025 12:06 PM IST
