SBI - ETF Sensex

  • Category: ETF
  • AAUM: 7086.47 Cr as on 31 Aug 2017
  • Investment Options: Not Available
  • Entry Load: N.A.
  • Inception: February 09, 2013
  • Benchmark:
    S&P BSE Sensex
  • Exit Load: Read more

    The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the S&P BSE SENSEX by holding S&P BSE SENSEX stocks in same proportion. However, the performance of Scheme may differ from that of the underlying index due to tracking error.

    Features:

    • Low cost – Generally, ETF’s have a low expense ratio compared to other actively managed mutual fund schemes.
    • Provides efficient diversification – The companies in the underlying index are spread across wide spectrum of sectors and are beneficial for an investor who is interested in building in a well diversified investment portfolio. Also these companies are core to the India Growth Story.
    • Easy to invest and sell – Investors wishing to invest & sell can do so anytime during the market hours as SBI-ETF SENSEX is listed on the stock exchange.
    • RGESS eligible scheme - Investment in SBI-ETF SENSEX is eligible for tax benefits under RGESS (Section 80CCG of the Income tax Act) for eligible investors.

    Suitable for :

    • First time investors
    • Investors who have a view on the stock market
    • Other retail investors for passive asset allocation
    • RGESS eligible investors*.

    *Tax benefit available under Section 80CCG of the Income Tax Act to a new retail investor and whose gross total income is less than or equal to Rs. 10 lakh subject to conditions mentioned in notification no. 51/2012 dated November 23, 2012 issued by Department of Revenue, Ministry of Finance. Investors are requested to read the notification issued Ministry of Finance and consult their tax / financial consultant before taking any decision of investments.

as on
From To
Quantitative Data As on 31-Jul-2017
Expense Ratio*: 0.07
Portfolio Turnover*: 0.09
Tracking Error*: 0.02%
Source:CRISIL Fund Analyser

*Tracking Error is computed using Total Returns Index for the 3 Year Period ending July 31, 2017, based on month-end NAV.

*Portfolio Turnover =lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Basis for Ratio Calculation: Risk Free rate: FBIL Overnight Mibor rate (6.43% as on 31-Jan-2017) 3 Years Monthly Data Points

*Expense ratio exclusive of Service Tax on Management Fees

Enter Date * :
Latest NAV: SBI - ETF Sensex iNAV :
Note:
  1. Transaction charges payable by the investor is per creation request and will be as determined by the AMC at the time of transaction.
  2. The STT, Depository & Upload charges will be at actuals.
  3. Cash component is an indicative amount and will be collected/paid as applicable on the date of purchase/redemption.

Unit holders, other than Authorised Participants and Large Investors, can redeem units in less than Creation Unit Size of the Scheme directly with the Mutual Fund in the following cases:

  • if the traded price of the ETF units is at a discount of more than 3% to the NAV for continuous 30 days; or
  • if discount of bid price to applicable NAV is more than 3% over a period of 7 consecutive trading days; or
  • if no quotes are available on exchange for 3 consecutive trading days; or
  • when the total bid size on the exchange is less than half of Creation Unit size daily, averaged over a period of 7 consecutive trading days.
In such a scenario valid applications received up to 3 p.m. by the Mutual Fund shall be processed and the Redemption proceeds would be paid in cash and would be as per the NAV of the Scheme declared by the Mutual Fund at the end of the day on which the Redemption request is received. Any redemption as specified above shall be made without any payments of Exit Load.

Note: Please select the date below to check the availability of this direct redemption option

Fund Manager
  • Mr. Raviprakash Sharma

    Managing this fund since Mar 2013.

    Total Experience 16 years .

  • Investment Objective
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