SBI Mutual Fund has launched its New Fund Offer (NFO) for the SBI Nifty LargeMidcap 250 Index Fund. The scheme is designed as an open-ended passive index tracker, allocating 50% to large-cap giants and 50% to growth-oriented mid-cap companies.
Passive indexing has gained high popularity in India due to low expense ratios and broad market representation. The NFO subscription is open from today until the 20th of this month with a minimum investment threshold of ₹5,000.
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