SBI Nifty India Consumption Index Fund NFO

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ADD THE POTENTIAL OF MILLIONS OF CONSUMERS TO YOUR INVESTMENT CART

India's consumer market is rapidly expanding, fuelled by accelerated economic development and a growing middle class. As these trends continue, the potential for further expansion in the consumer market is set to increase significantly.In the long term, achieving double-digit GDP* growth could unlock substantial purchasing power, thereby enhancing consumers' propensity to spend.

* Nominal GDP

Why Nifty India Consumption Index ?

Rising middle class to drive discretionary spends

India's consumer market is rapidly expanding. As economic development accelerates and the middle class grows, the potential for further expansion in the consumer market is set to increase significantly.

Middle income population – India (millions) middle_income_population

Source: The Brookings Institution, J.P. Morgan. As of July 2023

Rise in per capita income expected to result in higher purchasing power

Spending as a percentage of income in India is low across categories as compared to global peers.
A double digit nominal GDP growth in the long-term will unlock purchasing power and therefore enhance consumption propensity.

GDP per capita, current prices (U.S. dollars per capita) capita_income

Source: IMF; World Economic Outlook

NIFTY India Consumption Index Performance

Nifty India Consumption Index Outperforms Nifty 50 in the Long-Term

Source : MFI explorer , Data for the period Jan 2006 – Sep 2024. The above is for illustration purpose only, It should not be construed to be indicative of scheme performance in any manner. Past performance may or may not be sustained in future.

An investment of ₹ 1 Lakh in June 2006 would have grown to ₹ 9.10 Lakhs in the Nifty 50, achieving a CAGR of 12.5%.
The same ₹1 Lakh invested in the Nifty India Consumption would have grown to ₹ 12.82 Lakhs, delivering a higher CAGR of 14.57%.

Nifty 50 TRI vs Nifty India Consumption TRI (SIP Growth)

Data as on Sep 30, 2024 . For SIP returns, monthly investment of ₹ 10,000 invested on the first business day of every month has been considered. Performance is calculated using Total Return Index, with zero cost/expenses. Past performance may or may not be sustained in the future. Source: MfI Explorer; The above is for illustration purpose only, It should not be construed to be indicative of scheme performance in any manner. The above are not scheme SIP returns, but simulation of index SIP returns. Past performance may or may not be sustained in future

Fund Facts

Scheme Name

SBI Nifty India Consumption Index Fund

Type of Scheme

An open-ended scheme replication/tracking Nifty India Consumption Index.

Investment Objective

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.
However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Plans & Options

Regular & Direct Plan; Both plans provide two options – Growth Option and Income Distribution cum capital withdrawal (IDCW) Option for “IDCW Re-investment” and “IDCW Pay-out” is available

Application Amount

Minimum Investment Amount : ₹ 5000/- and in multiples of Re. 1 thereafter;
Additional Purchase Amount: ₹ 1000/- and in multiples of Re. 1 thereafter

Fund Manager

Mr. Harsh Sethi

Benchmark

Nifty India Consumption TRI

Exit Load

For exit on or before 15 days from the date of allotment: 0.25%,
For exit after 15 days from the date of allotment: Nil

NFO Open Date

October 16, 2024

NFO Close Date

October 25, 2024

Allotment Date

October 30, 2024

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