SBI Mutual Fund Launches Nifty Midcap150 Momentum 50 ETF: NFO Opens Feb 17

• SBI Mutual Fund introduces the SBI Nifty Midcap150 Momentum 50 ETF, an open-ended exchange-traded fund.
• The ETF aims to replicate the Nifty Midcap 150 Momentum 50 Index, with its NFO running from February 17 to February 24.
• It will invest 95-100% of assets in stocks from the underlying index, with up to 5% in government securities and liquid mutual funds.
• The Nifty Midcap 150 Momentum 50 Index selects 50 stocks based on a normalized momentum score, considering six-month and 12-month price returns.
• Minimum NFO application is ₹5,000, with SIP options available; Viral Chhadva will manage the ETF.