SBI Nifty 500 Index Fund NFO period extended; details inside

Investors gain extra time to participate in the SBI Nifty 500 Index Fund with an extended NFO period.

In the latest development in the world of mutual funds, SBI Mutual Fund has extended the New Fund Offer (NFO) period for its SBI Nifty 500 Index Fund. Earlier, the NFO was scheduled to close on September 24, 2024, now the NFO will conclude on September 26, 2024.

SBI Nifty 500 Index Fund is an open-ended index fund that aims to track the performance of the Nifty 500 Index, a broad-based index representing the top 500 companies by market capitalisation across Large-Cap, Mid-Cap, and Small-Cap segments.

Key Features of the SBI Nifty 500 Index Fund​​​​

• Diversified Exposure: The fund offers exposure to a wide range of Indian companies, covering 92.1 per cent of the total market capitalisation.
• Low-Cost Investment: Investors can gain exposure to a diverse portfolio at a relatively low cost.
• Tracking Efficiency: The fund seeks to closely track the Nifty 500 Index, minimising tracking errors.
• Investment Flexibility: Investors can invest a minimum of Rs 5,000 and choose from various Systematic Investment Plan (SIP) options.
• Market Diversification: The fund provides a diversified investment option, reducing concentration risk.
• Long-Term Growth Potential: Investing in a broad-based index fund can offer long-term growth potential.
• Professional Management: The fund is managed by experienced professionals at SBI Mutual Fund.

Investment Details

• Investment Strategy: The fund will primarily invest in stocks from the Nifty 500 Index.
• Minimum Investment: Rs 5,000.
• SIP Options: Daily, weekly, monthly, or annual SIPs are available.

Shamsher Singh, Managing Director and CEO of SBI Funds Management, said, “The SBI Nifty 500 Index Fund gives investors exposure to a broad cross-section of India’s economy, covering large, mid, and small-cap firms at a relatively lower cost.”

Conclusion
By extending the NFO period, SBI Mutual Fund is giving investors more time to consider this investment opportunity and potentially benefit from the fund's growth potential.

Disclaimer: The article is for informational purposes only and not investment advice.