Truth Speaker Mitra (@SubhajitMitra) 205 Followers 28 Sep

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The Nifty Midcap 150 and Smallcap 250 Index Funds are introduced by SBI Mutual Fund in this week— Is it a new opportunity?

SBI Mutual Fund has announced two equity index funds.The Nifty Smallcap 250 and Nifty Midcap 150 Indexes' performance would be duplicated.September 26, 2022, was final date for the new fund offer. SBI MF announced these equity index funds on September 20, 2022.

A minimum of Rs. 5,000 must be included in the application for both funds, and any additional monies must be in multiples of 1.You can invest every day, every week, every month, or every year.You have the option to invest via a systematic investment plan (SIP).

The schemes would allocate between 95% and 100% of their assets to equities covered by the underlying indices.SBI Mutual Fund claims that investors looking for long-term capital growth should consider the new plans.

Investors, especially those who are new to the stock market, should think about investing in these two funds based on their risk profile.

Based on the overall market capitalization from the Nifty 500 Index, the next 150 companies are represented by the Nifty Midcap 150 Index. As of August end, financial services (nearby 17%), capital goods (14.6%), and oil, gas were the main industries represented in the index.


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