SBI Nifty200 Momentum 30 Index Fund: SBI Mutual Fund, the country’s largest mutual fund house by assets under management (AUM), has unveiled the SBI Nifty200 Momentum 30 Index Fund. The new fund offering (NFO) provides an opportunity to invest in 30 ‘high momentum’stocks, which includes both large & mid-cap stocks, from its parent NIFTY200 index, selected based on their ‘normalised momentum’ scores.
The Normalised Momentum Score for each company is calculated based on its 6-month and 12-month price returns, adjusted for daily price return volatility, said the company’s release.
Stock weights are determined using a combination of the stock’s Normalised Momentum Score and its free-float market capitalization, with no stock exceeding either a 5 per cent weight or five times its free-float-based weight in the Nifty 200 index, it added.
SBI Nifty200 Momentum 30 Index Fund: Subscription dates
The scheme opened today for subscription i.e. June 23, 2025, and will close on July 3 , 2025.
SBI Nifty200 Momentum 30 Index Fund: Minimum investment
Minimum investment in the scheme is Rs 5,000 and in multiples of Re. 1 thereafter with additional purchases of Rs. 1,000 and in multiples of Re. 1 thereafter. Investments can also be done through daily, weekly, monthly, quarterly, semi-annual, and annual SIP (Systematic Investment Plan).
SBI Nifty200 Momentum 30 Index Fund: Fund allocation break-up
The scheme would primarily invest a minimum of 95 per cent and a maximum of 100 per cent of its assets in stocks comprising the Nifty200 Momentum 30 Index and up to 5 per cent in Government securities (like G-Secs, SDLs, and treasury bills), including triparty repo and units of liquid mutual fund.
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
On the launch of the new offering, Nand Kishore, MD & CEO, SBI Funds Management said, “The Nifty200 Momentum 30 Index is constructed to reflect the performance of the top 30 high-momentum stocks within the Nifty200 universe, selected through a methodology that considers both recent price performance and risk-adjusted returns.”
The SBI Nifty200 Momentum 30 Index Fund provides investors with an opportunity to access a momentum-driven strategy, which can serve to enhance return potential in a diversified portfolio, he added.
The new fund will be managed by Viral Chhadva, who has been associated with the fund house since December 2020.