Thursday, December 1, 2022

Earning Opportunity: SBI Mutual Fund opens ETF, can become a millionaire by investing just ₹ 5000, know-how?

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…

Read More: Big relief to the investors of Small Savings Schemes, the government did not change the interest rates

Demat account is important

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.

more about it…

Nifty India Consumption Index designed the ETF SBI Mutual Fund to monitor the behavior and performance of companies in the diversified portfolio that represents the domestic consumption sector is. This includes consumer non-durables, healthcare, auto, telecommunications services, pharmaceuticals, hotels, media, and entertainment.

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