SBI Mutual Fund eyes ₹500-cr from new fund

SBI Mutual Fund Launches Equal-Weight Nifty 50 Index Fund, Targets ₹500 Crore Amid Growing Trend of Passive Investing

Expert Analysis:

• Strategic Move:

  • SBI Mutual Fund's new equal-weight index fund aligns with the rising passive investing trend.

• Smart-Beta Approach:

  • Deviating from market cap criteria, the fund offers diversified growth potential to investors.

• Cost-Effective Option:

  • A lower cost structure enhances appeal, catering to investors seeking balanced diversification.

• Innovation Focus:

  • Launch reinforces SBI's commitment to innovation amid substantial AUM leadership in the market.