SBI Mutual Fund has opened the new fund offer for the SBI Nifty200 Value 30 ETF FOF, running from 17-09-2026 to 30-09-2026.
A fund of fund buys units of another fund rather than shares. Almost all of this scheme’s money goes into one exchange traded fund, the SBI Nifty200 Value 30 ETF, which follows the Nifty200 Value 30 index.
Why look at it? The index holds 30 companies from the Nifty 200 that look cheap against their own earnings, assets, sales and dividends. You can buy that basket without a demat account, from Rs 5,000 or through a SIP.
SBI Nifty200 Value 30 ETF FOF NFO details
Detail | Description |
Fund name | |
Fund type | Open ended fund of fund |
Category | Fund of fund (domestic) |
Nature of scheme | Passive. It follows one ETF |
Benchmark | Nifty200 Value 30 TRI |
Fund manager | |
NFO opens | 17-09-2026 |
NFO closes | 30-09-2026 |
Allotment and reopening | Within 5 business days of allotment |
Minimum investment | Rs 5,000, then multiples of Re 1 |
Additional investment | Rs 1,000, then multiples of Re 1 |
SIP | Daily to annual. No minimum stated in the SID |
NAV during NFO | Rs 10 per unit |
Plans and options | Regular and Direct. Growth by default |
Expense ratio | Up to 0.90% of daily net assets |
Entry load | Nil. The SID lists an exit load only |
Exit load | 1% on or before 15 days from allotment. Nil after that |
Stamp duty | 0.005% on purchases and SIP |
SBI Mutual Fund AMC details
Detail | Description |
AMC name | SBI Funds Management Limited, a joint venture between SBI and AMUNDI |
Assets under management | Underlying existing AUM of approximately ₹5.99 Cr to ₹6 Cr |
Website | www.sbimf.com |
customer.delight@sbimf.com | |
Registered office | 9th Floor, Crescenzo, G Block, Bandra Kurla Complex, Mumbai 400 051 |
Contact number | 022 61793537. Toll free 1800 209 3333 |
Source: AMFI India New fund offer: SBI Nifty200 Value 30 ETF FOF
What has SBI Mutual Fund launched?
This is an open ended, passive fund of fund. Nobody picks shares for it. Its aim is returns that closely match the SBI Nifty200 Value 30 ETF, with no guarantee, as the SID states.
The universe is narrow by design. Between 95% and 100% goes into units of that single ETF. The rest may sit in government securities, triparty repo or liquid fund units, to fund redemptions.
The ETF tracks the Nifty200 Value 30 index. That index starts with the Nifty 200 and scores each company on earnings to price, book value to price, sales to price and dividend yield. The top 30 get in. Weight comes from free float market value multiplied by the value score, capped at the lower of 5% or five times free float weight.
The effect is index fund style exposure through an ordinary folio.
How does the fund’s strategy work?
The scheme buys ETF units either straight from the fund or off the exchange. Nothing else.
Step | What happens? |
1 | You apply during the NFO at Rs 10 a unit |
2 | The scheme buys units of the underlying ETF |
3 | The ETF holds the 30 index stocks |
4 | Up to 5% stays in cash equivalents for redemptions |
5 | The index is reviewed every June and December |
6 | Poor scorers drop out, fresh names enter, weights reset |
7 | NAV is published daily and moves with the ETF |
NFO money must be deployed within 30 business days.
Understanding the fund through an example
Say Meera, a 38 year old teacher in Pune, puts Rs 50,000 into the NFO and gets 5,000 units at Rs 10.
Her money does not buy shares. It buys ETF units, and the ETF owns the 30 index stocks.
Come December, the index is reviewed. Two companies no longer look cheap, so they leave and two others join. Meera does nothing. Her holding adjusts with the ETF.
Redeem on day 12 and she pays 1%. Day 40, nothing.
Portfolio allocation
Instrument | Minimum | Maximum |
Units of SBI Nifty200 Value 30 ETF | 95% | 100% |
Government securities, triparty repo, liquid fund units | 0% | 5% |
The SID rules a lot out: no derivatives, foreign securities, securitised debt, unlisted debt, InvITs or short selling.
As on 07-07-2026 the index leaned towards public sector banks, oil and gas, metals and power. ONGC, SBI, ITC, BPCL and NTPC each carried close to 5%.
Investment strategy and cost structure
There is no stock picking here. The scheme buys one ETF and holds it. Tracking is the whole job, and the AMC says most of the gap against the ETF comes from the timing of money moving in and out.
Cost sits in two layers, and this matters. You pay the fund of fund’s expenses, and underneath that the ETF charges its own. SEBI caps the combined base expense ratio at 0.90% of daily net assets.
Liquidity runs through NAV, not the market. Units are unlisted, so you transact at the closing NAV of the day your request is accepted. Redemption money normally reaches you in three working days.
Potential benefits of this NFO
Potential benefit | Why does it matter? |
No demat account needed | Buy through an ordinary folio |
SIP, STP and SWP available | An ETF on its own does not allow these |
Rule based selection | Scores decide entry and exit |
Single stock cap | No holding can pass 5% of the index |
Cost is capped | Combined base expense ratio cannot exceed 0.90% |
What to watch before you invest
Point | What does it mean? |
Tracking difference | Costs and cash flow timing mean returns will not match the index |
Two cost layers | You bear the FOF’s charges on top of the ETF’s |
A narrow basket | Only 30 companies, tilted towards public sector banks, energy and metals |
No live pricing | Units are unlisted, so you transact at the day’s NAV |
Twice yearly review | Scores refresh only in June and December |
Value can stay out of favour | Cheap looking companies can stay cheap for years |
Who may consider this fund?
Investor type | Why it may fit |
Wants a value tilt, has no demat account | The FOF works through a normal folio |
Already holds growth heavy funds | A value basket adds a different slant beside them |
SIP investor with a 7 year plus goal | A factor basket needs time to play out |
Comfortable with sharp swings | The basket is concentrated and cyclical |
Who may not find it suitable?
Investor type | Why it may not fit |
Needs the money within two or three years | Short horizons sit badly with an equity basket |
Wants intraday trading | Units are not listed on any exchange |
Dislikes sector concentration | Public sector banks, energy and metals dominate |
Already holds a value or dividend yield fund | Overlap may be larger than expected |
Comparison with traditional investment options
Parameter | Fixed deposit | Debt fund | Hybrid fund | Equity fund | This new fund |
Return potential | Fixed, known upfront | Modest | Mid range | Market linked | Tied to 30 value stocks |
Volatility | None | Low to moderate | Moderate | High | High and concentrated |
Liquidity | Penalty on early exit | High | High | High | Daily NAV, 1% load inside 15 days |
Horizon | Fixed tenure | 1 to 3 years | 3 to 5 years | 5 years plus | 7 years plus |
Suits | Wants certainty | Steadier returns | A mix | Long term growth | A value slant |
Context only. This is not a ranking.
SBI Nifty200 Value 30 ETF FOF review by Zenith Finserve
What follows is interpretation, not fact from the SID. The scheme does one job. It wraps a value tilted ETF so ordinary folio holders can reach it, and the appeal is convenience rather than cleverness.
Where does it fit? As a satellite holding beside a core index or flexi cap fund, for money earmarked for 2034 or later. A 42 year old in Ahmedabad building a retirement corpus could use it for a slice of the equity portion. Someone saving for a 2029 house deposit should not.
Two things deserve a close look. First, the cost stack. You pay at two levels for what the ETF already does, so compare the all in figure against holding the ETF directly. Second, the concentration. Thirty names with a heavy public sector and commodity slant behaves nothing like a broad market fund, and value runs in long cycles.
How Zenith Financial Management can help
At Zenith Financial Management, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
See our mutual fund advisory, investment planning and goal based planning pages. Our guide to new fund offers explains how a launch differs from an existing scheme. Reach us via about us.
Similar NFOs on Zenith
- HDFC Nifty Metal ETF FOF NFO: same wrapper, one sector instead of a value screen.
- Shriram Gold ETF Passive FOF NFO: also a FOF over an ETF, but the asset underneath is gold.
- Kotak Multi Sector Omni FOF NFO: spreads across several schemes, not one.
- SBI Balanced Hybrid Fund NFO: also SBI, but actively managed across shares and debt.
Also read our SWP advisory page on drawing an income later.
SBI Nifty200 Value 30 ETF FOF NFO: frequently asked questions
1. When does the SBI Nifty200 Value 30 ETF FOF NFO open and close?
17-09-2026 to 30-09-2026.
2. What does the SBI Nifty200 Value 30 ETF FOF invest in?
95% to 100% in units of the SBI Nifty200 Value 30 ETF. The rest sits in cash equivalents.
3. Is the SBI Nifty200 Value 30 ETF FOF NFO good to invest in?
It depends on your goal and what you already hold. A concentrated value basket suits a supporting role.
4. What is the minimum investment?
Rs 5,000 during the NFO. Top ups start at Rs 1,000.
5. Can I run a SIP in this fund?
Yes, daily to annual. The SID states no minimum amount.
6. What is the exit load?
1% on or before 15 days from allotment. Nothing after that.
7. How is the Nifty200 Value 30 index built?
It scores Nifty 200 companies on four value measures, then takes the top 30.
8. Why choose the FOF over the ETF?
No demat account is needed, and SIP, STP and SWP are available. The trade off is a second cost layer.
9.Who manages this scheme?
Mr Viral Chhadva, a CFA charterholder who runs several other SBI passive schemes.
10. Are the units listed on an exchange?
No, though the AMC may list them later.
11. What is the expense ratio?
Up to 0.90% of daily net assets, including the ETF’s share.
