SBI MF has informed BSE (Bombay Stock Exchange) about the NAV (Net Asset Value) of the Open-ended exchange traded scheme – SBI Sensex ETF scheme dated August 03, 2018. The scheme’s NAV is recorded at Corporate Announcement on BSE-India Website.
The inception date of the scheme was February 09, 2013. The moderately high-risk fund is benchmarked against S&P BSE Sensex.
The investment objective of the open-ended exchange traded scheme is to generate returns that closely correspond to the total returns of the instruments as represented by S&P BSE SENSEX before expenses, by holding the S&P BSE SENSEX stocks in the same proportion.
But, there is a possibility for the performance of Scheme to differ from that of the underlying index because of tracking error.
Mr. Raviprakash Sharma has been managing the SBI Sensex ETF scheme since March 2013. He has a total work experience of 18 years.
Normally, the Exchange-Traded Funds (ETFs) have a low expense ratio than other actively managed MF schemes. The Sensex ETF scheme has a low expense ratio, provides efficient diversification, easy to invest and sell, and is RGESS eligible. The investment in this scheme is eligible for tax benefits under RGESS (Section 80CCG of the Income-tax Act) for eligible investors. Exit load is not applicable for the scheme.
The Open-ended exchange traded scheme is suitable for the first time investors, the investors who have a view on the stock market, other retail investors for passive asset allocation, and RGESS eligible investors (Tax benefit available under Section 80CCG of the Income Tax Act).
The NAV of the Sensex ETF scheme is 394.5799 as on August 06, 2018 (12:13:51 PM). The AUM (Asset Under Management) of the scheme is 11340.31 Crore Rupees as on June 30, 2018, according to information available in SBI Mutual Fund’s official website.
The declaration of NAV for the SBI Sensex ETF scheme is confirmed by the fund house, according to the HINDU Business Line.
The post SBI MF Declares NAV For SBI Sensex ETF Scheme appeared first on OWLT Market.
from OWLT Market https://ift.tt/2vD33Ec
via IFTTT
No comments:
Post a Comment