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SBI Nifty Bank Index Fund: Overview

SBI Nifty Bank Index Fund NFO opens on Jan 20, 2025. Invest with Rs.5000 and gain exposure to Indiau2019s top banks. Check dates, benefits, and details

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SBI Nifty Bank Index Fund: Overview

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  1. SBI Nifty Bank Index Fund NFO NAV, PRICE DATE Everything You Need to Know

  2. Introduction • • What is NFO? New Fund Offer (NFO) is a first-time subscription for a new mutual fund scheme. • • Launch Details: • - Start Date: 20th January 2025 • - End Date: 31st January 2025 • - Minimum Investment: ₹5000

  3. Fund Objectives • • Goal: Replicate the performance of the Nifty Bank Index. • • Focus: Minimise tracking error and maximize returns. • • Index Coverage: The 12 largest banks in India.

  4. Key Features • • NFO Price: ₹5000 (increment of ₹1 thereafter) • • Asset Allocation: • - 95-100% in Nifty Bank Index securities • - Up to 5% in government securities or liquid funds • • Risk Level: Very High • • Exit Load: 0.25% if redeemed within 15 days

  5. Benefits of Investment • • Access to India’s Banking Sector Growth • • Affordable Entry: Start investing with just ₹5000. • • Minimal Costs: Efficient indicator tracking for better returns. • • Diverse Exposure: Gain access to the top-performing banks driving India’s economy.

  6. Risks to Consider • • Equity Volatility: Stock prices fluctuate daily. • • Sector Concentration: Focus on the banking sector can lead to higher volatility. • • Tracking Errors: Minor deviations from the Nifty Bank Index may occur.

  7. Post-NFO Investment Options • • Missed the NFO? • - Invest directly after the scheme reopens at NAV-based prices. • - Options: • • Via Demat Account • • Directly through SBI Mutual Fund’s platform

  8. Why Invest Now? • • Promising Entry Point: Nifty Bank Index trading near long-term averages. • • Sector Strength: Banking drives credit growth and financial inclusion. • • Stable Growth: Supported by India's leading banks.

  9. Recap of Key Dates and Details • • Start Date: 20th January 2025 • • End Date: 31st January 2025 • • Investment: Minimum ₹5000 • • Risk Level: Very High • • Benchmark: Nifty Bank Index

  10. Call to Action • Don’t Miss Out! • Start your journey toward financial growth with SBI Nifty Bank Index Fund. • • Visit the SBI Mutual Fund website. • • Log in to your Demat account and invest today!

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