Sbi etf

Hii Guys , I want to know What is the Benefits and Eligibility of State Bank of India Sensex Exchange Traded Funds/ Scheme , Would you please give me Same Details ?

[shikha]

State Bank of India ETF Sensex is An Exchange Traded Fund that Has a Passive Investment Strategy.

The Investments objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented bt BSE SENSEX by holding BSE SENSEX sticks in same proportion.

Benefits :

Low Cost

SBI-ETF SENSEX is with low expense ratio compared to the open ended mutual fund schemes.

Provides Efficient Diversification :

The companies are spread across wide spectrum of sectors and are beneficial for an investor who is interested in building in a well diversified investment portfolio.

Also these companies are core to the India Growth story.

Easy to invest and sell

Investors wishing to invest & sell can do so anytime during the market hours as SBI-ETF SENSEX is listed on the stock exchange.

RGESS Eligible Scheme

Investment in SBI-ETF SENSEX is eligible for tax benefits under RGESS (Section 80CCG of the Income tax Act) for eligible investors.

Required Eligibility :

First time investors
Investors who have a view on the stock market
Other retail investors for passive asset allocation
RGESS eligible investors