SBI BSE India Defence ETF FoF NFO Runs November 16 to 30
SBI Mutual Fund's new open-ended fund of funds will invest at least 95% of its assets in units of the SBI BSE India Defence ETF.
Key Takeaways
- The SBI BSE India Defence ETF FoF NFO runs from November 16 to November 30, 2026.
- The fund of funds will invest 95% to 100% of its assets in the SBI BSE India Defence ETF.
- Its benchmark is the BSE India Defence TRI and Viral Chhadva will manage it.
- The minimum NFO investment is Rs 5,000, with additional purchases from Rs 1,000.
- An exit load of 1% applies to redemptions within 15 days of allotment.
Table of Contents 5 sections
SBI Mutual Fund will open the New Fund Offer (NFO) of the SBI BSE India Defence ETF FoF, an open-ended fund of funds scheme that invests in units of its own SBI BSE India Defence ETF. The NFO opens for subscription on November 16, 2026 and closes on November 30, 2026.
The scheme will put at least 95% and up to 100% of its assets into units of the SBI BSE India Defence ETF. It is benchmarked against the BSE India Defence TRI and will be managed by Viral Chhadva. The minimum investment during the NFO is Rs 5,000, and an exit load of 1% applies to units redeemed within 15 days of allotment.
SBI BSE India Defence ETF FoF NFO at a glance
| Detail | Value |
|---|---|
| Fund house | SBI Mutual Fund |
| Scheme | SBI BSE India Defence ETF FoF |
| Type | Open-ended fund of funds |
| NFO opens | November 16, 2026 |
| NFO closes | November 30, 2026 |
| Main investment | 95% to 100% in units of the SBI BSE India Defence ETF |
| Rest of the money | Up to 5% in government securities maturing within one year, Treasury Bills, triparty repo and units of liquid mutual funds |
| Benchmark | BSE India Defence TRI |
| Fund manager | Viral Chhadva |
| Minimum investment during the NFO | Rs 5,000 |
| Additional purchases | From Rs 1,000 |
| Exit load | 1% if redeemed within 15 days of allotment, nil after that |
How the SBI BSE India Defence ETF FoF reaches defence stocks through an ETF
The SBI BSE India Defence ETF FoF does not buy defence company shares directly. It buys units of the SBI BSE India Defence ETF, which tracks the BSE India Defence index. That index measures stocks that represent the defence theme.
The rest of the fund, up to 5% of its assets, can go into government securities with a maturity of up to one year, Treasury Bills, triparty repo and units of liquid mutual funds. SBI Mutual Fund has said there is no assurance that the scheme's investment objective will be achieved.
| When | What happened |
|---|---|
| October 13 to 19, 2026 | NFO of the SBI BSE India Defence ETF, which tracks the BSE India Defence Index |
| November 16 to 30, 2026 | NFO of the SBI BSE India Defence ETF FoF, which invests in that ETF |
Viral Chhadva will manage the SBI BSE India Defence ETF FoF
Viral Chhadva, who has been with SBI Mutual Fund since December 2020, will manage the SBI BSE India Defence ETF FoF. He was also named fund manager of the SBI BSE India Defence ETF when that scheme's NFO opened in October 2026.
Where the SBI BSE India Defence ETF FoF stands before its NFO opens
The SBI BSE India Defence ETF FoF gives SBI Mutual Fund a fund of funds route into its BSE India Defence ETF, which had its own NFO from October 13 to 19, 2026. The fund of funds takes subscriptions from November 16 to November 30, 2026, with a minimum investment of Rs 5,000 during the NFO.
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Frequently Asked Questions
What is the SBI BSE India Defence ETF FoF?
When does the SBI BSE India Defence ETF FoF NFO open?
When does the SBI BSE India Defence ETF FoF NFO close?
How much of its money does the SBI BSE India Defence ETF FoF put into the ETF?
How is the rest of the SBI BSE India Defence ETF FoF invested?
How much is the minimum investment in the SBI BSE India Defence ETF FoF NFO?
How much are additional purchases in the SBI BSE India Defence ETF FoF?
What is the exit load on the SBI BSE India Defence ETF FoF?
What is the benchmark of the SBI BSE India Defence ETF FoF?
Who manages the SBI BSE India Defence ETF FoF?
What does the ETF behind the SBI BSE India Defence ETF FoF track?
When did the ETF behind the SBI BSE India Defence ETF FoF have its NFO?
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