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SBI Mutual Fund launches Nifty Next 50 index fund SECTIONS Last Updated: Apr 27, 2021, 11:21 AM IST Share Synopsis SBI Mutual Fund has announced the launch of SBI Nifty Next 50 Index Fund, an open-ended index scheme which would replicate the performance of the Nifty Next 50 Index, efficiently with relatively lower costs. iStock SBI Mutual Fund has announced the launch of SBI Nifty Next 50 Index Fund, an open-ended index scheme which would replicate the performance of the Nifty Next 50 Index, efficiently with relatively lower costs. The NFO will open on April 28 and close for subscriptions on May 11. According to the press release, the investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. This new scheme would be suitable for investors who are seeking long term capital appreciation, investment in securities covered by Nifty Next 50 Index and gai

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