The scheme aims to provide returns in line with the total returns of the Nifty100 Low Volatility 30 Index, subject to tracking error. It does not guarantee returns.
The Nifty100 Low Volatility 30 Index consists of 30 large-cap stocks from the Nifty100 universe that have recorded the lowest volatility, measured by standard deviation, over the past year. Stocks in the index are weighted inversely to their volatility, giving higher weight to more stable stocks.
SBI Mutual Fund stated that the new scheme is suitable for investors seeking relatively lower risk exposure within the large-cap space through a passive investment route.
The fund will invest 95%–100% of its assets in the stocks forming the index and up to 5% in government securities and other permitted instruments. Investors can enter the scheme with a minimum application of ₹5,000 and in multiples of ₹1 thereafter. Additional investments can be made with a minimum of ₹1,000.
Viral Chhadva, the designated fund manager, currently oversees several passive funds at SBI Mutual Fund. He has been with the fund house since December 2020.
The fund can also be accessed through Systematic Investment Plans (SIPs), available at various frequencies including daily, weekly, and monthly.
ALSO READ | ICICI Prudential MF launches active momentum fund, NFO open till July 22
First Published: Jul 9, 2025 8:45 AM IST