July 6, 2024
mayank
SBI Nifty 50 Equal Weight ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Nifty 50 Equal Weight ETF Open Date, Close Date?
NFO opens on July 08, 2024
NFO will close on July 12, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 08 July 2024 |
| Issue Close | 12 July 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 50 Equal Weight TRI |
What is the Benchmark Index of SBI Nifty 50 Equal Weight Exchange Traded Fund?
The Nifty50 Equal Weight Index represents an alternative weighing scheme to its market capitalization weighted parent index, the Nifty 50 Index. The index includes the same constituents as its parent, however, weighted equally.
Nifty50 Equal Weight Index can be used for a variety of purposes such as benchmarking, launching of index funds, ETFs and structured products.
Index Variant: Nifty50 Equal Weight Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.50 | 13.09 | 34.82 | 19.10 | 12.63 |
| Total Return | 7.86 | 13.69 | 36.33 | 20.84 | 14.71 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.90 | 18.92 | 22.40 |
| Beta (NIFTY 50) | 0.96 | 0.94 | 0.94 |
| Correlation (NIFTY 50) | 0.95 | 0.96 | 0.96 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.15 | 4.27 | 1.3 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Reliance Industries Ltd | 2.13 |
| UltraTech Cement Ltd. | 2.13 |
| Grasim Industries Ltd. | 2.10 |
| Dr. Reddy’s Laboratories Ltd | 2.08 |
| LTIMindtree Ltd. | 2.08 |
| NTPC Ltd. | 2.07 |
| Tata Motors Ltd. | 2.05 |
| Wipro Ltd. | 2.05 |
| Oil & Natural Gas Corporation Ltd. | 2.03 |
| Bharat Petroleum Corporation Ltd. | 2.03 |
Performance Review of the Fund Manager of SBI Nifty 50 Equal Weight ETF?
1) Viral Chhadva
Education: Mr. Chhadva has done MFM (Finance) and CFA
Experience: Prior to joining SBI Mutual Fund, he has worked with India Infoline Ltd. and ICICI Securities
Past Performance of his Schemes
| Fund | SBI Nifty50 Equal Weight Index Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 6-07-2024
Which Company Owns SBI Nifty 50 Equal Weight Exchange Traded Fund?
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in SBI Nifty 50 Equal Weight Exchange Traded Fund NFO?
Guidance for SBI Nifty 50 Equal Weight ETF by Paresh Gordhandas, C.A., Research Analyst.
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