SBI Mutual Fund has unveiled a new fund named as SBI - ETF Quality, an open-ended scheme tracking nifty 200 quality 30 index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 26 November to 30 November 2018.

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

The scheme offer is Not Available

The scheme will invest 95%-100% of assets in securities covered by Nifty 200 Quality 30 Index with medium to high risk profile and invest upto 5% of assets in money market securities and units of liquid mutual fund with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is Nifty 200 Quality 30 Index.

The fund manager of the scheme is Raviprakash Sharma.