Investment Option: Subscription to the fund house’s new fund SBI S&P BSE Sensex Index Fund has opened from May 18, 2023. For this you can apply till 24 May 2023. Being an open-ended scheme, you can redeem it whenever you want.
SBI Mutual Fund NFO: If you are planning to start or increase your investment in the new financial year, then this news will make you happy. A new Index Fund (NFO) has been brought in the equity segment by SBI Mutual Fund. Subscription to the fund house’s new fund SBI S&P BSE Sensex Index Fund has opened from May 18, 2023. For this you can apply till 24 May 2023. Being an open-ended scheme, you can redeem it whenever you want.
Investment will start from Rs.5000 only!
You can start investing in SBI S&P BSE Sensex Index Fund with as little as Rs 5,000. After this you can invest in multiples of Rs. If you do daily SIP, then Rs 500, then you can invest money in multiples of Rs 1. There is an investment option of Rs 1000 every month and Rs 1500 quarterly and thereafter in multiples of Re 1. If you redeem from this scheme even in 15 days, then you will have to pay only 0.2 percent exit load.
Who can invest
According to SBI Mutual Fund House, this scheme is best for investors who want to invest for a long period. This is also a better option for investors who want returns in line with the performance of S&P BSE Sensex TRI in the long term. The money coming in this will be invested equally in the companies included in the Sensex.
