SBI Mutual Fund Launches PSU Bank-Focused Schemes

• SBI Mutual Fund has launched two investment schemes focused on India’s public sector banking sector.

Schemes Introduced:

• SBI BSE PSU Bank Index Fund: Open-ended scheme tracking the BSE PSU Bank Index.
• SBI BSE PSU Bank ETF: Open-ended exchange-traded fund replicating the BSE PSU Bank Index.
• Objective: To deliver returns closely aligned with the BSE PSU Bank Index performance, subject to tracking error.
• Asset Allocation: 95% to 100% of assets invested in stocks listed in the BSE PSU Bank Index.