If you are thinking of investing money somewhere, then you have a great opportunity. Where you can get big returns by investing less money.
New Delhi. If you are thinking of investing money somewhere, then you have a great opportunity. Where you can get big returns by investing less money. Actually, SBI Mutual Fund has announced the launch of SBI ETF (SBI ETF exchange-traded fund) consumption. It is an open-ended scheme that will track the Nifty India Consumption Index. Investors can invest in SBI ETF till July 14. You can invest in this fund with just Rs 5000. Let’s know the details about this fund…
Demat account is necessary
You need a demat and trading account to invest in this. In this regard, Vinay M. Tonse, MD and CEO, SBI said, “We believe that there is tension around passive funds in the world and in India, so investors want to invest according to an index. Investing in ETFs is beneficial for those who want to invest in a wide range of asset classes at a low cost. The addition of actively managed funds through SBI ETF consumption, will help in growing its portfolio of offerings in the passive investment segment.
Learn about it..
This ETF of SBI Mutual Fund has been designed to monitor the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector comprising the Nifty India Consumption Index. This includes consumer non-durables, healthcare, auto, telecommunications services, pharmaceuticals, hotels, media and entertainment.
