SBI Mutual Fund has informed the Bombay Stock Exchange (BSE) about the Net Asset Value (NAV) of the passively managed open-ended ETF (Exchange Traded Fund) scheme – SBI – ETF BSE 100 scheme dated August 10, 2018. The scheme’s NAV has been placed at Corporate Announcement on the BSE-India Website.
The launch date of the scheme was Mar 16, 2015. The performance of the Open-ended Equity Large Cap fund scheme is benchmarked against the S&P BSE 100 Index.
The investment objective of the SBI – ETF BSE 100 scheme is to provide returns that closely correspond to the total returns of the investment instruments as represented by the S&P BSE 100 Index. However, chances are there that the performance of the fund to differ from that of the underlying index due to tracking error.
The Face Value of the scheme is 10 Rupees per unit, and the fund size is 3.81 Crore Rupees. The minimum initial investment of the scheme is 5000 Rupees. The SBI – ETF BSE 100 scheme has an expense ratio of 0.16.
The scheme invested about 95 percent to 100 percent of its assets in Equity instruments and about 5 percent in other securities.
Mr. Raviprakash Sharma has been designated as the Fund Manager of this SBI Mutual Fund scheme since March 2015. Navneet Munot is the CIO, Anuradha Rao is the CEO, and Rahul Mayor is the Investor Relations Officer of the scheme.
Before joining SBI Asset Management Company, he worked with HDFC Mutual Fund, Citigroup Wealth Advisors India Pvt Ltd, Kotak Securities, Times Investors Services Pvt Ltd, and Birla Sun Life Securities. He holds B.Com (H), Chartered Accountant and CFA (USA) as his educational qualifications.
The NAV of the SBI – ETF BSE 100 scheme is 118.9831 Rupees and the AUM (Asset Under Management) of the scheme is 6.33 Crore Rupees as on 10 Aug 2018, according to information available in The Economic Times.
The NAV declaration for the SBI – ETF BSE 100 scheme is confirmed by SBI Mutual Fund, according to the HINDU Business Line.
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