MFIs/MFDs/RIAs/RFDs are hereby informed that SBI Mutual Fund will be offering SBI SILVER ETF FUND OF FUND - NFO along with SIP facility with effect from June 27, 2024, to July 05, 2024, on BSE StAR MF Platform.
The scheme details are given below:
|
Sr. No.
|
Scheme Name
|
Scheme Category
|
ISIN
|
Tentative Allotment date
|
|
1
|
SBI SILVER ETF FUND OF FUND - REGULAR PLAN - GROWTH
|
DEBT
|
INF200KB1266
|
11-Jul-2024
|
|
2
|
SBI SILVER ETF FUND OF FUND - REGULAR PLAN - IDCW REINVESTMENT
|
DEBT
|
INF200KB1274
|
11-Jul-2024
|
|
3
|
SBI SILVER ETF FUND OF FUND - REGULAR PLAN - IDCW PAYOUT
|
DEBT
|
INF200KB1225
|
11-Jul-2024
|
|
4
|
SBI SILVER ETF FUND OF FUND - DIRECT PLAN - IDCW REINVESTMENT
|
DEBT
|
INF200KB1258
|
11-Jul-2024
|
|
5
|
SBI SILVER ETF FUND OF FUND - DIRECT PLAN - GROWTH
|
DEBT
|
INF200KB1233
|
11-Jul-2024
|
|
6
|
SBI SILVER ETF FUND OF FUND - DIRECT PLAN - IDCW PAYOUT
|
DEBT
|
INF200KB1241
|
11-Jul-2024
|
MFIs/MFDs/RIAs/RFDs are also hereby informed that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which the client has initiated the payment will remain pending in the system till 3:00 PM on the last day of making funds pay-out to the AMC for the said NFO or T + 5 whichever is earlier.
Also, MFIs/MFDs/RIAs/RFDs are hereby informed that AMC confirmed the tentative allotment date for above scheme will be done on July 11, 2024, hence the clear funds have to be available in ICCL Account by 6:00pm on July 10, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on July 10, 2024, to avail the allotment of units under SBI SILVER ETF FUND OF FUND - NFO.
Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme on or before the allotment date. If funds for switch out scheme received after the NFO allotment date, then same will not be considered for allotment at AMC/RTA end.
Further, as intimated by SBI AMC, SIP/XSIP/ISIP investment amount range and requirement of minimum installment numbers for above schemes are as below:
|
SIP FREQUENCY
|
SIP INVESTMENT AMOUNT RANGE
|
MINIMUM NUMBER OF INSTALLMENT
|
|
MONTHLY
|
Rs. 500 to Rs. 999
|
12
|
|
Rs. 1,000 to any amount
|
6
|
MFIs/MFDs/RIAs/RFDs are also hereby informed that, as confirm by SBI AMC if SIP’s gets registered on BSE StAR MF platform for Monthly frequency between above investment amount range, then minimum installment numbers should be selected by members as provided in above table to avoid rejections from AMC/RTA end.
The said NFO will get extended till midnight on July 05, 2024, only for lumpsum purchase on BSE StAR MF Platform. SIP/XSIP/ISIP registrations authentication needs to be done by clients before 3:00pm on NFO closure date.
Ketan Jantre Zeeta Eustace
Head - Trading Operations Additional General Manager – Mutual Funds |