SBI Mutual Fund has launched two new schemes: SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF. These funds will track the BSE PSU Bank Index and offer growth opportunities in the public sector banking sector.
The New Fund Offer (NFO) period starts on March 17 and ends on March 20, 2025. Investors can begin with ₹5,000 as a minimum amount, adding in multiples of ₹1. The funds will invest 95-100% of assets in BSE PSU Bank Index securities, while up to 5% will go into government securities or liquid mutual funds to ensure liquidity.
The ETF will be tradable on NSE and BSE. Viral Chhadva, who has prior experience, will manage these funds. These schemes cater to individuals seeking a structured and affordable way to invest in PSU banks.
By simplifying access to public sector banks, these schemes aim to attract retail investors. Investors are encouraged to evaluate their risk tolerance and financial goals before making decisions. As with all mutual funds, understanding the potential risks is essential for making informed choices.
These funds underline the growing interest in PSU banking, aligning well with India’s economic growth story.
