While SBI Nifty 500 Index Fund has been designed to replicate the Nifty 500 Index, Kotak NIFTY Midcap 150 Momentum 50 Index Fund would track the performance of the NIFTY Midcap 150 Momentum 50 Index.

The Nifty 500 Index is a broader index, representing various sectors and large-cap, mid-cap, and small-cap companies. The SBI Nifty 500 Index Fund would primarily invest a minimum of 95% and a maximum of 100% of its assets in stocks comprising the Nifty 500 Index.

SBI Mutual Fund is launching NFO under its “Index Fund”, named as SBI Nifty 500 Index Fund. The open ended fund aims to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Index before expenses.

SBI Mutual Fund introduces the SBI Nifty 500 Index Fund, offering investors a single investment solution to access the entire spectrum of the Indian equity market, tracking the top 500 stocks by market capitalization.

SBI Nifty 500 Index Fund's NFO was launched on September 17 and it will close on September 24, 2024. "AXIS CRISIL-IBX AAA NBFC INDEX's launch window is open till September 23, 2024.

SBI Mutual Fund has launched SBI Nifty 500 Index Fund, tracking the Nifty 500 Index. The fund aims to provide returns corresponding to the index, covering large-cap, mid-cap, and small-cap stocks.

The SBI Nifty 500 Index Fund is designed to deliver returns that mirror the total returns of the Nifty 500 Index, subject to tracking errors.