About SBI Nifty Next 50 ETF-IDCW
1. SBI Nifty Next 50 ETF is Open-ended Large Cap Equity scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Mar 16, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that ” The scheme seeks to provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. “Hyderabad Investment
2. It is benchmarked against NIFTY Next 50 Total Return Index.
Asset Allocation & Portfolio Composition
1Simla Wealth Management. The asset allocation of the fund comprises around 99.99% in equities, 0.0% in debts and 0.01% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 36.3% of the assets, the top 3 sectors constitute around 44.91% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations – around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on SBI Nifty Next 50 ETF-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax – LTCG).Bangalore Wealth Management
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
Mumbai Investment