SBI ETF Sensex
Fund Facts:
Benchmark: S&P BSE Sensex
Risk: MODERATELY HIGH
Fund Manager: Mr. Raviprakash Sharma
( Managing this fund since Mar 2013)
Expense Ratio: 0.07
Tracking Error: 0.02%
Launch Date: February 09, 2013
Features:
- Low cost – Generally, ETF’s have a low expense ratio compared to other actively managed mutual fund schemes.
- Provides efficient diversification – The companies in the underlying index are spread across wide spectrum of sectors and are beneficial for an investor who is interested in building in a well diversified investment portfolio. Also these companies are core to the India Growth Story.
- Easy to invest and sell – Investors wishing to invest & sell can do so anytime during the market hours as SBI-ETF SENSEX is listed on the stock exchange.
- RGESS eligible scheme – Investment in SBI-ETF SENSEX is eligible for tax benefits under RGESS (Section 80CCG of the Income tax Act) for eligible investors.
Suitable for:
- First time investors
- Investors who have a view on the stock market
- Other retail investors for passive asset allocation
- RGESS eligible investors.
Fund Performance:
Review and our verdict:
It is a very good fund for a person who has less knowledge and time to invest in direct equity. This ETF expense ratio is very less as compare to actively managed funds(which result is better returns). As we can see in the chart that, fund performance is very good since inception. I recommend this fund for new and busy investors for long and medium time horizon. Invest in SIP mode in this fund for better returns.
ShubhFund 