You can switch off notifications anytime using browser settings.Stock Analysis, IPO, Mutual Funds, Bonds & MoreThe scheme is an open-ended scheme tracking Nifty200 Quality 30 index.SBI Mutual Fundhas launched SBI -ETFQuality, its 1st Smart Beta offering, an open-ended scheme trackingNifty200 Quality 30 index.
Smart Beta / Strategy Indices are quant-based models that are designed to strategically, assign weights to securities into an index based upon objective parameters. They apply a series of objective, rules-based screens to index. Companies are then ranked and weighted based upon these specific factors.
The scheme aims 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 would invest up to a minimum of 95 per cent in the companies under NIFTY200 Quality 30 ranked by the quality scores while the residual 5 per cent will be invested into money market instruments.
The NFO opens for subscription on November 26 and will close on Dec 3. There is no entry load and exit load. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
SBI Mutual Fund is one of the largest players in the passive management industry and the launch of SBI – ETF Quality is another step in that direction. The fund will invest in the underlying index, NIFTY 200 Quality 30 which includes top 30 companies from its parent NIFTY 200 Index selected based on their quality scores. The quality score for each company is determined on 3 factors profitability, leverage and earnings growth variability, saysNavneet Munot, CFA Chief Investment Officer, SBI Mutual Fund.
The fund will be managed by Raviprakash Sharma, who is CA from ICAI and charter holder from CFA Institute, USA. He joined SBI Funds Management in 2011. He has over 18 years of experience in the capital market spanning across Equity & Fixed Income.
The NIFTY200 Quality 30 index includes top 30 companies from its parent NIFTY200 index, selected based on their quality scores. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analyzed during the previous five years.
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ELSS-3.336.893.57-7.0315.44Invest NowDSP Tax Saver Direct Plan-Growth
ELSS-4.278.416.161.8914.25Start SIPDSP Liquidity Direct-Growth
Liquid0.581.783.707.617.21Start SIPICICI Prudential Savings Fund Direct Plan -Growth
Low Duration0.622.144.378.497.89Invest NowDSP Savings Direct Plan-Growth
Money Market0.618.104.22.1686.96Start SIPDSP Strategic Bond Direct Plan-Growth
Dynamic Bond-0.801.054.328.366.60Start SIPDSP 10Y G-Sec Fund Direct-Growth
Gilt with 10 year Constant Duration0.782.215.5810.007.10Start SIPDSP Bond Direct-Growth
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Equity Savings-1.095.144.262.478.57Start SIPDSP Dynamic Asset Allocation Fund Direct-Growth
Dynamic Asset Allocation0.402.994.507.399.24Start SIPDSP Regular Savings Direct Plan-Growth
Conservative Hybrid-0.644.252.33-0.796.61Start SIPDSP Equity & Bond Direct-Growth
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– Returns less then 1 year are absolute and above 1 year are annualised.
– Returns of 1 year are absolute and above 1 year are annualised..
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