Harness the growth potential of companies which are at the cusp of the big league with SBI-ETF Nifty Next 50. The fund offers investors a cost-efficient and convenient way to invest in these emerging companies, which are part of the underlying index.
- 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.
- Dematerialization: The units of the scheme will be available in the Dematerialized (electronic) mode only.
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.
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.)
Nifty Next 50 Index
- Launch Date: Jan 01, 1997
- No. of Constituents: 50
- Index rebalancing: Semi-Annually