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SBI MF Unveils Nifty200 Value 30 and Smallcap 250 ETFs for Passive Investors
- SBI Mutual Fund has launched two new Exchange Traded Funds (ETFs) — the SBI Nifty200 Value 30 ETF and the SBI Nifty Smallcap 250 ETF.
- The New Fund Offer (NFO) for both schemes opened on May 7 and will close on May 18.
- The SBI Nifty Smallcap 250 ETF is designed to replicate and track the Nifty Smallcap 250 Index.
- The Nifty Smallcap 250 Index includes 250 companies ranked between 251 and 500 within the Nifty 500 universe, offering exposure to emerging small-cap companies.
- The index currently represents nearly 5.2% of the free-float market capitalization, according to NSE data.
- The SBI Nifty200 Value 30 ETF will track the Nifty200 Value 30 Index, which selects 30 companies from the Nifty 200 universe based on value-focused parameters.
- The stock selection methodology for the Value 30 Index is based on factors such as earnings-to-price ratio, book value-to-price ratio, sales-to-price ratio, and dividend yield.
- Both ETFs aim to provide returns that closely correspond to the performance of their underlying indices, subject to tracking error.
- SBI Funds Management stated that the launch aligns with the growing investor preference for passive investing and diversified index-based investment strategies.
- The minimum investment amount during the NFO period is Rs 5,000, with additional investments allowed in multiples of Re 1.
- Both schemes will be managed by Viral Chhadva.
- The SBI Nifty200 Value 30 ETF and SBI Nifty Smallcap 250 ETF will invest 95%–100% of their assets in securities forming part of their respective benchmark indices.
- Up to 5% of the portfolio may be invested in government securities, treasury bills, triparty repo, and liquid mutual fund units for liquidity management purposes.
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