October 21, 2023
mayank
SBI NIFTY 1D Rate ETF NFO, Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
NFO opens on October 23, 2023
NFO will close on October 26, 2023
(Our detailed Guidance is given at the bottom of the Page)
SBI NIFTY 1D Rate ETF NFO Investment Strategy
The scheme seeks to generate returns, before expenses, that correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 23 October 2023 |
| Issue Close | 26 October 2023 |
| Type | Open-ended |
| Category | Debt: Liquid |
| Min. Investment(Rs) | 5,000 |
| Plans | IDCW Daily |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low |
| Benchmark | NIFTY 1D Rate Index |
Benchmark Index
The overnight market in India is one of the most active components of the money market. The objective of Nifty 1D Rate index is to measure the returns generated by market participants lending in the overnight market.
The index uses the overnight rate provided through “Triparty Repo Dealing System (TREPS)” for computation of index values.
Portfolio Characteristics
| Launch Date | June 23, 2016 |
| Base Date | January 03, 2011 |
| Base Value | 1000 |
| Calculation Frequency E | End of day |
Statistics
| QTD | YTD | 1 Year | 5 Years | Since Inception | |
| Returns (%) # | 1.64 | 4.95 | 6.53 | 4.76 | 6.33 |
Fund Manager of SBI NIFTY 1D Rate ETF NFO
1) Tejas Soman
Education: Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets – From ‘NISM’
Experience: Prior to joining SBI Mutual Fund, he was associated with Yes Bank Limited, STCI Primary Dealership and Price water house Coopers
Past Performance of his Schemes
AMC:
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
Guidance for SBI NIFTY 1D Rate ETF NFO by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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