SBI Nifty India Consumption Index Fund Review – SBI Nifty India Consumption Index Fund Review Direct NFO Open on 16 October 2024 and Close on 25 October 2024. SBI Nifty India Consumption Index Fund Direct NFO Allotment Date is 30 October 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open‐ended scheme tracking Nifty India Consumption Index Fund.
Scheme Benchmark : The scheme would be benchmarked to Nifty India Consumption TRI Index. – The same has been chosen as benchmark of this Scheme. The Scheme will primarily invests in securities which are constituents of Nifty India Consumption TRI index.
SBI Nifty India Consumption Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| ITC Ltd. | 10.05 |
| Bharti Airtel Ltd. | 9.75 |
| Mahindra & Mahindra Ltd. | 7.75 |
| Hindustan Unilever Ltd. | 7.40 |
| Maruti Suzuki India Ltd. | 4.90 |
| Zomato Ltd. | 4.78 |
| Trent Ltd. | 4.73 |
| Titan Company Ltd. | 4.45 |
| Asian Paints Ltd. | 4.23 |
| Bajaj Auto Ltd. | 3.85 |
SBI Nifty India Consumption Index Fund Important Date
| Scheme Offer | SBI Nifty India Consumption Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 16 Oct 2024 |
| Close Date | 25 Oct 2024 |
| Allotment Date | 30 Oct 2024 |
| Category | Others - Index Fund |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty India Consumption TRI Index |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
SBI Nifty India Consumption Index Fund Other Details
| Exit Load | 0.25% |
|---|---|
| Exit Load Details | Exit load of 0.25%, if redeemed within 15 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 500 |
SBI Nifty India Consumption Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities covered by Nifty India Consumption Index | 95% | 100% |
| Government. Securities* including Triparty Repo, and units of liquid mutual fund | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Harsh Sethi
Qualification : B. Com (Hons.), CA, CS
Experience : Harsh Sethi joined SBIFML in May 2007 as Product Manager and was responsible for product development and management. Mangal & Co. as Senior Assistant from March 2005 to March 2007 handling Audit & Taxation. Currently he is Equity Dealer and Fund Manager. Currently he is managing SBI Nifty IT ETF, SBI Nifty Consumption ETF, SBI Nifty Private Bank ETF, SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund.
SBI Nifty India Consumption Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Fast Moving Consumer Goods | 30.71 |
| Automobile and Auto Components | 22.39 |
| Consumer Services | 15.09 |
| Consumer Durables | 10.11 |
| Telecommunication | 9.75 |
| Healthcare | 4.10 |
| Power | 3.90 |
| Services | 2.33 |
| Realty | 1.61 |
SBI Nifty India Consumption Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 15.23 | 33.92 | 51.62 | 20.95 | 14.57 |
| Total Return | 15.57 | 35.06 | 53.15 | 22.29 | 15.95 |
Where Will the Scheme Invest ?
- Certificate of Deposits (CDs) is a negotiable money market instrument issued by scheduled commercial banks and select all- India Financial Institutions that have been permitted by the RBI to raise short term resources.
- Commercial Paper (CPs) is an unsecured negotiable money market instrument issued in the form of a promissory note, generally issued by the corporates, primary dealers and all India Financial Institutions as an alternative source of short term borrowings.
- Treasury Bills (T-Bills) are issued by the Government of India to meet their short term borrowing requirements.
- Triparty Repo.
- Central Government Securities are sovereign debt obligations of the Government of India with zero-risk of default and issued on its behalf by RBI.
- Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell and purchase the same security with an agreement to purchase or sell the same security at a mutually decided future date and price. The transaction results in collateralized borrowing or lending of funds. The scheme can participate in Repo/Reverse Repo in G-Secs and T-Bills.
Also Read: Bandhan Nifty 500 Value 50 Index Fund Review
SBI Nifty India Consumption Index Fund Registrar
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