• हिन्दी
  • ગુજરાતી
  • বাংলা
  • తెలుగు
  • मराठी
  • ಕನ್ನಡ
  • money9
  • Insurance
  • Saving
  • Mutual Funds
  • Mirae Asset MF
  • Breaking Briefs
downloadDownload The App
Close
  • Home
  • Videos
  • Podcast
  • Banking
  • Bulletin
  • Gold
  • Healthcare
  • Real Estate
  • Tax
  • Travel
  • Survey 2023
  • Survey Report
  • Breaking Briefs
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home / Investment

SBI Mutual Fund launches consumption focused ETF

The minimum application amount during the NFO period is Rs 5,000, thereafter it will be in multiples of Re 1

  • Harsh Chauhan
  • Last Updated : June 30, 2021, 19:24 IST
  • Follow
You need a demat and trading account in order to invest in ETFs
  • Follow

India largest asset management company SBI Mutual Fund has launched a Consumption Exchange Traded Fund (ETF) that will track the Nifty India Consumption Index. The new fund offer (NFO) for ETFs opens on June 30 and will close on July 14. Through this, it will be easier to buy and sell your units on the exchanges. You need a demat and trading account in order to invest in ETFs.

The Nifty Consumption index is designed to reflect the performance of a diversified portfolio of companies representing the domestic consumption sector which includes consumer non-durable companies, healthcare, auto, telecom services, pharmaceuticals, hotels, media & entertainment. The Nifty India Consumption Index comprises 30 companies listed on the National Stock Exchange (NSE). Its top 5 constituents are Hindustan Unilever (HUL), ITC, Asian Paints, Bharti Airtel and Maruti Suzuki India. On a calendar year basis, the year to date (as of June 29, 21) the index delivered a return of 7.23%, whereas over the last year between June 30, 2020, to June 29, 2021, Nifty Consumption Index rallied 24.33%.

“We believe passive funds are gaining traction around the world and in India as well where investors would like to invest in line with an index. Investments in ETFs are beneficial for those looking to get exposure to a broad range of asset classes at a lower cost. With the addition of SBI ETF Consumption, we continue to augment our portfolio of offerings in the passive investment space, in addition to our actively managed funds. I believe SBI ETF Consumption is a good opportunity as India’s potential for domestic consumption is very large and continues to be a strong growth story,” said Vinay M Tonse, MD and CEO, SBI MF.

The minimum application amount during the NFO period is Rs 5,000, thereafter it will be in multiples of Re 1. The Fund Manager for SBI ETF Consumption is Harsh Sethi who also manages SBI ETF IT and SBI ETF Private Bank.

Published: June 30, 2021, 13:26 IST

Download Money9 App for the latest updates on Personal Finance.

  • ETFs
  • mutual funds
  • NFO

Related

  • पहली छमाही में रियल एस्टेट में संस्थागत निवेश 37% घटकर तीन अरब डॉलर रहने का अनुमान
  • Budget’24: New LTCG rule to hit long-term property owners hard
  • Looking to buy gold? Buy now before it’s too late!
  • Budget 2024: What is NPS ‘Vatsalya’ scheme? How to apply & other benefits?
  • Budget’ 24: Startup ecosystem all smiles with scrapping of angel tax
  • Budget’24: New NPS scheme for minors launched, here’s how you can benefit

Latest

  • 1. Know the correct way to get KYC done!
  • 2. Why health insurance claim gets rejected?
  • 3. Power to Respond!
  • 4. What is Asset Under Management?
  • 5. No Worries on Medical Expenses!
  • Trending Stories

  • रिलायंस का जून तिमाही में शुद्ध लाभ 78 प्रतिशत उछलकर 26,994 करोड़ रुपये के उच्चतम स्तर पर
  • भारत के पास मोटर वाहन घटकों पर लगाए गए शुल्क के विरुद्ध जवाबी शुल्क लगाने का आधार नहीं:अमेरिका
  • इंडिक्यूब स्पेसेज का आईपीओ 23 जुलाई को खुलेगा; मूल्य दायरा 225-237 रुपये प्रति शेयर
  • हाजिर मांग के कारण कच्चे तेल के वायदा भाव में तेजी
  • पाकिस्तान पर चालू वित्त वर्ष में 23 अरब अमेरिकी डॉलर के विदेशी ऋण का बोझ
  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Trends9
  • Tv9tamilnews
  • Assamtv9
  • Malayalamtv9
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Money9live
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • play_store
  • App_store
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2025 Money9. All rights reserved.
  • share
  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
close