The scheme will invest 95-100% of its assets in stocks comprising the NIFTY50 Equal Weight Index, 0-5% in equity derivatives or up to 5% in Government securities (like G-Secs, SDLs, treasury bills and any other like instruments as specified by the RBI from time to time), including tri party repo and units of liquid mutual fund.
SBI Mutual Fund announced the launch of SBI Nifty50 Equal Weight Index Fund. The scheme opened for public subscription on January 16, 2024, and will close on January 29, 2024.