Latest news with #SBIMutualFund
Mint
4 days ago
- Business
- Mint
SBI Mutual Fund trims stake in Solar Industries India; shares continue their upward march. Details here
Solar Industries India's share price continued its upward march, climbing over one per cent in intraday trade on the BSE on Wednesday, June 4, and appeared set to extend gains for a third consecutive session even as it said SBI Mutual Fund trimmed its stake in it on June 2 through market sale. Solar Industries India's shares opened at ₹ 16,742.95 against their previous close of ₹ 16,626.30 and climbed over a per cent to an intraday high of ₹ 16,800. Around 2:05 PM, the stock traded 1 per cent up at ₹ 16,789.60. Through an exchange filing during market hours on June 4, the company said SBI Mutual Fund sold 20,413 shares of the company on May 30 in the market. Before the disposal of the shares, SBI Mutual Fund, under its various schemes, held 33,75,923 shares, or 3.7307 per cent stake, of the company which stood at 33,55,510 shares, or 3.7082 per cent stake, after the share sale. "We wish to inform you that there has been a change in the shareholding of SBI Mutual Fund under its various schemes, in the company, decreasing by 2 per cent. SBI Mutual Fund, under its various schemes, has sold 20,413 shares of the company on May 30, 2025, representing 0.0226 per cent of the paid-up share capital of the company. The final holding of SBI Mutual Fund at the close of business hours on June 2 was 33,55,510 shares, which is 3.7082 per cent of the paid-up share capital of the company," read a note from SBI Mutual Fund, shared by Solar Industries India through an exchange filing on June 4. Solar Industries India has seen a solid gain of over 90 per cent over the last year, hitting a 52-week high of ₹ 16,814.30 on June 3 this year and a 52-week low of ₹ 7,889.95 on June 4 last year. Year-to-date, the stock has jumped by 70 per cent, while in the last month, it has risen by over 25 per cent. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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Business Standard
15-05-2025
- Business
- Business Standard
SBI's new Index Fund targets Top 30 quality stocks - How you can invest
SBI Mutual Fund, India's largest fund house, on Thursday launched the SBI Nifty200 Quality 30 Index Fund, an open-ended scheme replicating/ tracking Nifty200 Quality 30 Index. The New Fund Offer (NFO) period for the scheme is May 16 – 29, 2025. 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. The 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. The weights of the stocks are derived from their Quality scores and square root of free float market cap. The stock weight is capped at 5% The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty200 Quality 30 and up to 5% in Government securities (like G-Secs, SDLs, and treasury bills), including triparty repo and units of liquid mutual fund. The minimum application amount during the NFO is of 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). 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. "I believe the SBI Nifty200 Quality 30 Index Fund can be a valuable addition for investors, enabling them to invest in quality companies passively for long-term wealth creation," said Nand Kishore, MD & CEO, SBI Funds Management Limited. The fund manager for the SBI Nifty200 Quality 30 Index Fund is Viral Chhadva, who has been associated with the fund house since December 2020. He currently manages passive offerings such as the SBI Nifty50 Equal Weight ETF (an open-ended Exchange Traded Fund replicating/tracking the Nifty 50 Equal Weight Index), the SBI Nifty50 Equal Weight Index Fund (an open-ended scheme replicating/tracking the Nifty 50 Equal Weight Index), and the SBI Nifty 500 Index Fund (an open-ended scheme replicating/tracking the Nifty 500 Index). 'The Nifty200 Quality 30 Index represents a focused selection of high-quality companies from the broader Nifty200 universe, chosen through rigorous metrics such as financial strength, consistent profitability, and long-term growth potential. With the launch of the SBI Nifty200 Quality 30 Index Fund, we aim to offer investors a smart, relatively low-cost solution to gain exposure to quality businesses and build long-term wealth through a passive approach," said D P Singh, Deputy MD & Joint CEO, SBI Funds Management Limited. What Does This Fund Offer? Index-based passive investing: The fund passively mirrors the Nifty200 Quality 30 Index, allowing investors to benefit from the performance of these top-tier companies without trying to beat the market. Low minimum investment: You can start with just ₹5,000 during the New Fund Offer (NFO) period, which runs from May 16 to May 29, 2025. Flexibility: Investors can set up SIPs (Systematic Investment Plans) daily, weekly, monthly, or even annually. No long-term exit load: Withdraw within 15 days and pay a 0.25% exit load. Exit after that, and it's free.
Time of India
15-05-2025
- Business
- Time of India
NFO Alert: SBI Mutual Fund launches Nifty200 Quality 30 Index Fund
SBI Mutual Fund has announced the launch of SBI Nifty200 Quality 30 Index Fund , open-ended scheme replicating/ tracking Nifty200 Quality 30 Index. The new fund offer or NFO of the scheme will open for subscription on May 16 and will close on May 29. Also Read | MF Tracker: Can this smallcap mutual fund add value to your portfolio? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » 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. "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. I believe the SBI Nifty200 Quality 30 Index Fund can be a valuable addition for investors, enabling them to invest in quality companies passively for long-term wealth creation ," said Nand Kishore, MD & CEO, SBI Funds Management. Live Events 'The Nifty200 Quality 30 Index represents a focused selection of high-quality companies from the broader Nifty200 universe, chosen through rigorous metrics such as financial strength, consistent profitability, and long-term growth potential. With the launch of the SBI Nifty200 Quality 30 Index Fund , we aim to offer investors a smart, relatively low-cost solution to gain exposure to quality businesses and build long-term wealth through a passive approach,' said D P Singh, Deputy MD and Joint CEO, SBI Funds Management. The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty200 Quality 30 and up to 5% in Government securities (like G-Secs, SDLs, and treasury bills), including triparty repo and units of liquid mutual fund. The minimum application amount during the NFO is of 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 ). Also Read | Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other stocks in April The fund manager for the SBI Nifty200 Quality 30 Index Fund is Viral Chhadva. NIFTY200 Quality 30 index seeks to combine the stock-specific quality factor used in active investment with the rules-based framework of passive investment. The 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. The weights of the stocks are derived from their Quality scores and square root of free float market cap. The stock weight is capped at 5%. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
15-05-2025
- Business
- Economic Times
NFO Alert: SBI Mutual Fund launches Nifty200 Quality 30 Index Fund
The NFO runs from May 16 to May 29, targeting long-term wealth creation. SBI Mutual Fund has announced the launch of SBI Nifty200 Quality 30 Index Fund, open-ended scheme replicating/ tracking Nifty200 Quality 30 Index. The new fund offer or NFO of the scheme will open for subscription on May 16 and will close on May 29. Also Read | MF Tracker: Can this smallcap mutual fund add value to your portfolio? 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. "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. I believe the SBI Nifty200 Quality 30 Index Fund can be a valuable addition for investors, enabling them to invest in quality companies passively for long-term wealth creation," said Nand Kishore, MD & CEO, SBI Funds Management. 'The Nifty200 Quality 30 Index represents a focused selection of high-quality companies from the broader Nifty200 universe, chosen through rigorous metrics such as financial strength, consistent profitability, and long-term growth potential. With the launch of the SBI Nifty200 Quality 30 Index Fund, we aim to offer investors a smart, relatively low-cost solution to gain exposure to quality businesses and build long-term wealth through a passive approach,' said D P Singh, Deputy MD and Joint CEO, SBI Funds Management. The scheme would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty200 Quality 30 and up to 5% in Government securities (like G-Secs, SDLs, and treasury bills), including triparty repo and units of liquid mutual fund. The minimum application amount during the NFO is of 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). Also Read | Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other stocks in April The fund manager for the SBI Nifty200 Quality 30 Index Fund is Viral Chhadva. NIFTY200 Quality 30 index seeks to combine the stock-specific quality factor used in active investment with the rules-based framework of passive 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. The weights of the stocks are derived from their Quality scores and square root of free float market cap. The stock weight is capped at 5%. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
15-05-2025
- Business
- Economic Times
Mutual funds use inflows to stuff another Rs 17,300 crore in their cash bag
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid rise in equity markets and slowing equity inflows, the cash pile of mutual funds has increased by Rs 17,361 crore on a monthly basis to Rs 2.23 lakh crore in April from Rs 2.05 lakh crore in cash allocation as a % of total AUM was 5.86% in March which went up to 6.12% in April. The total equity AUM in April was recorded at Rs 36.48 lakh the 44 fund houses, seven had over Rs 10,000 cash in their portfolios. SBI Mutual Fund , the largest fund house, had the highest cash allocation in its portfolio in April of Rs 38,043 crore which was 5.47% of the total Prudential Mutual Fund had Rs 30,591 crore cash in its portfolio, followed by HDFC Mutual Fund had Rs 25,697 crore cash in its portfolio which was 6.68% of the total AUM. PPFAS Mutual Fund had Rs 24,426 crore cash in its portfolio which was 23.57% of the total AUM. Axis Mutual Fund and Motilal Oswal Mutual Fund had Rs 15,826 crore and Rs 12,683 crore cash in their respective portfolios. Quant Mutual Fund had Rs 10,862 crore in its portfolio which was 13.05% of its total AUM. The fund house in its monthly release mentioned that, 'The high cash levels in most of the schemes have been deployed in select small caps and their portfolio remains tilted towards large and mega large caps and overall liquidity of the portfolio is good.'Kotak Mutual Fund had around Rs 6,804 crore cash in its portfolio, followed by Franklin Templeton Mutual Fund which had Rs 5,876 crore cash in its portfolio. Mirae Asset Mutual Fund had around Rs 1,591 crore cash in its portfolio which was 1.06% of the total Mutual Fund had Rs 1,055 crore cash in its portfolio, followed by Mahindra Manulife Mutual Fund which had Rs 850 crore cash in its Bhattacharya of Edelweiss Mutual Fund told ET Now that the rally in the market which has happened from roughly about Jan, Feb, mid to now, broadly reflects coming out of macro uncertainty and still kind of lower than all-time highs.'We have held very little cash in our portfolios. But we think that the macro-based rally is broadly done. Going forward, it will be closely related with regards to earnings estimates coming back and forth which we think will take a couple of quarters more, broadly by the second half of fiscal year 26 when earnings start to kick in gear,' he 21 AMCs had less than Rs 1,000 crore cash in its portfolio in the said period, of which six had less than Rs 100 crore cash including two AMCs which had less than Rs 10 crore cash in their on cash as a percentage of AUM, PPFAS Mutual Fund had 23.57% cash as a percentage of AUM, followed by Motilal Oswal Mutual Fund which had 14.50% cash as a percentage of cash in Quant Mutual Fund's portfolio was 13.05% as a percentage of AUM. SBI Mutual Fund had the highest equity AUM of Rs 6.57 lakh crore in April, followed by ICICI Prudential Mutual Fund and HDFC Mutual Fund which had Rs 4.02 lakh crore and Rs 3.59 lakh crore equity AUM managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the is experiencing high volatility due to global cues such as geo politics and trade tariffs, slowing earnings cycles, valuations coming off from highs etc. and the valuations have cooled-off in the last few months, although still remains high, according to a release by ICICI Prudential Mutual fund house believes that strong fundamentals coupled with high valuations creates a strong case for investing in Hybrid and Multi asset allocation schemes and they prefer large-caps over mid and smallcap schemes due to reasonable valuations plus possibility of FPIs making a comeback which may result in outperformance.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
