SBI Mutual Fund launches defence ETF fund of funds
In short
SBI Mutual Fund has launched a defence ETF fund of funds, and its new fund offer opens on November 16. The scheme will mainly invest in an underlying defence ETF.
What the reporting says
SBI Mutual Fund launched a defence ETF fund of funds, with the New Fund Offer opening on November 16. The scheme will primarily invest in an underlying defence ETF tracking companies linked to India’s defence sector and supporting industries.
Why it matters
SBI Mutual Fund’s new defence ETF fund of funds will mainly allocate to an underlying ETF tied to companies linked to India’s defence sector and related industries. The launch is relevant to mutual fund investors and defence-related market watchers because it expands a thematic investment product.