SBI MF Launches Nifty200 Quality 30 Index Fund: Subscription Date And Other Key Details

SBI Mutual Fund has launched the SBI Nifty200 Quality 30 Index Fund. It is an open-ended scheme that will replicate the Nifty200 Quality 30 Index. 

The New Fund Offer (NFO) is set to open for subscription on May 16. The subscription window will close on May 29.

This NFO will provide investors with exposure to 30 top companies from the Nifty200 index. Metrics such as return on equity (RoE), leverage in the form of debt-to-equity ratio and earnings growth variability will be evaluated across five years to select the companies.  On the index, the weightage of each constituent stock is capped at 5%.

According to SBI Mutual Fund, the investment objective of this scheme is to generate returns that match the performance of the underlying index, subject to tracking error. It also adds a cautionary note saying that there is no guarantee that the investment goal will be successfully accomplished. 

The Nifty200 Quality 30 Index is designed to track the performance of the top 30 companies within the Nifty200 index, selected based on stringent quality metrics such as financial health, profitability and sustainable growth, according to Nand Kishore, MD and CEO, SBI Funds Management.

The scheme will invest at least 95% and up to 100% in stocks which are part of the Nifty200 Quality 30 index. It will allocate a maximum of 5% in government securities such as treasury bills, triparty repos and units of the liquid mutual fund.

The minimum application amount for the NFO is Rs 5,000. After that, further investments of Rs 1,000 are allowed. Investors can also decide to set up a Systematic Investment Plan (SIP) to invest at different frequencies, such as daily, weekly, monthly, quarterly, semi-annual and annually.

Viral Chhadva is the fund manager for the NFO. Other schemes under him include the SBI Nifty50 Equal Weight ETF and SBI Nifty 500 Index Fund.

SBI Mutual Fund is the largest fund house in India with assets under management (AUM) of over Rs 11 lakh crore as of April 30, 2025.