October 17, 2024
mayank
SBI Nifty India Consumption Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
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 India Consumption Index Fund Open Date, Close Date?
NFO opens on October 16, 2024
NFO will close on October 25, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that 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 | 16 October 2024 |
| Issue Close | 25 October 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY India Consumption TRI |
What is the Benchmark Index of SBI Nifty India Consumption Index Fund?
The Nifty India Consumption Index is designed to reflect the behaviour and performance of a diversified portfolio of companies
representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Consumption Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 15.23 | 33.92 | 51.62 | 20.95 | 14.57 |
| Total Return | 15.57 | 35.06 | 53.15 | 22.29 | 15.95 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 11.87 | 16.64 | 19.06 |
| Beta (NIFTY 50) | 0.71 | 0.75 | 0.80 |
| Correlation (NIFTY 50) | 0.80 | 0.86 | 0.90 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 52.38 | 10.05 | 0.84 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ITC Ltd. | 10.05 |
| Bharti Airtel Ltd. | 9.75 |
| Mahindra & Mahindra Ltd. | 7.75 |
| Hindustan Unilever Ltd. | 7.40 |
| Maruti Suzuki India Ltd. | 4.90 |
| Zomato Ltd. | 4.78 |
| Trent Ltd. | 4.73 |
| Titan Company Ltd. | 4.45 |
| Asian Paints Ltd. | 4.23 |
| Bajaj Auto Ltd. | 3.85 |
Performance Review of the Fund Manager of SBI Nifty India Consumption Index Fund?
1) Harsh Sethi
Education: Mr. Sethi is a B. Com (Hons.), CA, CS
Experience: Prior to joining SBI Mutual Fund, he has worked with J. P. Mangal & Co. as Senior Assistant. Harsh Sethi is the Equity Dealer since February 2017.
Past Performance of his Schemes
| Fund | SBI Nifty IT ETF | It’s Benchmark | SBI Nifty Private Bank ETF | It’s Benchmark |
| 1 Year | 35.38 | 35.25 | 12.56 | 19.30 |
| 3 Year | 7.43 | 8.86 | 8.51 | 10.38 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 17-10-2024
Which Company Owns SBI Nifty India Consumption Index 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 India Consumption Index NFO?
Guidance for SBI Nifty India Consumption Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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