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SBI-ETF Nifty Bank

The banking sector mirrors the economy and is pivotal to economic growth. Introduction of major policy reforms, huge untapped potential in India and the diversity of the sector are drivers of growth and present a compelling investment opportunity. SBI-ETF Nifty Bank emulates the Nifty Bank Index that essentially reflects the capital market performance of Indian Banks, allowing you to tap into this potential. Invest and be a part of this growth.

Nifty Bank Index

  • Launch Date: Sep 15, 2003
  • No. of Constituents: 12
  • Index rebalancing: Semi-Annually

About the Index:

The Nifty Bank Index is an index comprised of the most liquid and large capitalized Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of the Indian banks. The Index has 12 stocks from the banking sector, which trade on the National Stock Exchange (NSE).

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NSE Ltd. Disclaimer: It is to be distinctly understood that the permission given by NSE Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by NSE Ltd. nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of Disclaimer Clause of NSE Ltd.
CNX Bank Index Disclaimer: The SBI-ETF Nifty Bank (the Scheme) offered by SBI Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Scheme or any member of the public regarding the advisability of investing in securities generally or in the Scheme linked to Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Bank Index in the Scheme Information Document (SID) of the Scheme.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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Objective

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
However there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Key Features

  • Benchmark & Underlying Index: Nifty Bank Index
  • Creation Unit Size: 5000 units & in multiples of thereof
  • Minimum Application Amount (Rs.): During NFO (Purchase only) – 5,000 and in multiples of Rs.1. After NFO – Directly with Fund - Authorised Participants and Large Investors can directly purchase/ redeem in blocks from the fund in 'Creation Unit' size on any business day. On the Exchange – The units of the scheme can be purchase/ redeem in minimum lot of 1 unit and in multiples thereof.
  • Exit Load: Nil
  • Dematerialization:
    1. The units of the Scheme will be available in the Dematerialized (electronic) mode only.
    2. The applicant under the Scheme will be required to have a beneficiary account with a Depository Participant of NSDL/CDSL and will be required to indicate in the application, the DP’s name, DP ID Number and beneficiary account number of the applicant with the DP.
    3. Units of the Schemes will be issued/repurchase and settled compulsorily in dematerialized form. Applications without relevant details of investor’s depository account are liable to be rejected.
  • Exchange Listing:Fund will be listed on National Stock Exchange of India Ltd. (NSE Ltd.)

Asset Allocation


Instrument As % of Net Assets (Min.-Max.) Risk Profile
Securities covered by Nifty Bank Index 95% - 100% Medium to high
Cash & Cash Equivalent / money market instruments* 0% - 5% Low
*The exposure of Scheme in derivative instruments shall be restricted to 10% of the net assets of the Scheme for hedging and portfolio rebalancing.
The cumulative gross exposure through Equities, Money Market Instruments including CBLO, units of Liquid mutual funds and derivatives (gross notional exposure) shall not exceed 100%.
The scheme will not make any investment in ADR/ GDR/ Foreign Securities/ Securitised Debt.
The Scheme shall not invest in repo in corporate debt.
The Scheme shall not engage in short selling.
The Scheme shall not invest in unrated debt instrument.

NSE Ltd. Disclaimer: It is to be distinctly understood that the permission given by NSE Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by NSE Ltd. nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of Disclaimer Clause of NSE Ltd.
Nifty Bank Index Disclaimer: The SBI- ETF Banking (the Scheme) offered by SBI Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Scheme or any member of the public regarding the advisability of investing in securities generally or in the Scheme linked to Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Bank Index in the Scheme Information Document (SID) of the Scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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