SBI Mutual Fund has launched of SBI ETF Quality, its first smart beta offering, an open-ended scheme tracking Nifty 200 Quality 30 index. The NFO opens for subscription on November 26 and closes on December 3. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is ₹5,000 and in multiples of ₹1 thereafter.
Here is an in-depth information on the ETF:
NIFTY200 Quality 30 Index includes top 30 companies from its parent NIFTY 200 index, selected based on their ‘quality’ scores. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analysed during the previous 5 years
Highlights:
Stocks from NIFTY 200 index at the time of review are eligible for inclusion in the index. 30 companies with higher profitability, lower leverage and more stable earnings are selected to be part of the index. The weight of each stock in the index is based on the combinatio…
Here is an in-depth information on the ETF:
NIFTY200 Quality 30 Index includes top 30 companies from its parent NIFTY 200 index, selected based on their ‘quality’ scores. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analysed during the previous 5 years
Highlights:
Stocks from NIFTY 200 index at the time of review are eligible for inclusion in the index. 30 companies with higher profitability, lower leverage and more stable earnings are selected to be part of the index. The weight of each stock in the index is based on the combinatio…