Contents
Key details of the SBI BSE India Defence ETF NFO
| Fund house | SBI Mutual Fund |
|---|---|
| Category (AMFI) | Exchange Traded Funds (ETFs) - Equity ETF |
| Scheme type | Open Ended |
| NFO opens | 13 October 2026 |
| NFO closes | 19 October 2026 |
| Offer price | ₹10 a unit |
| Minimum investment | ₹5,000 |
| Exit load | Nil |
| Scheme information document | On the fund house’s website (AMFI’s copy is not available yet) |
What SBI BSE India Defence ETF will invest in
The scheme information document states the objective as: “The investment objective of the scheme is to provide returns that, correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.”
How it compares with existing BSE India Defence index funds and ETFs
- 1 ETF already tracks the BSE India Defence, according to AMFI's NAV list.
What to check before investing in this NFO
- The ₹10 price is not a discount. Units start at ₹10 only to set the unit count. Returns depend on how the fund's investments move, in percentage terms, exactly as for an existing fund.
- Cost and tracking error decide the difference. Every fund on the same index holds the same shares, so the fund with the lower expense ratio and the smaller tracking error usually delivers more. A new fund's tracking error is unknown until it has run for a while; existing BSE India Defence index funds and ETFs already have a record.
- Overlap with what you already own. If you already hold a fund on the same or a broader index, a new one may add little: the underlying shares can be largely the same.
- Direct plan and costs. The direct plan pays no distributor commission, so its expense ratio is lower than the regular plan’s. Over many years the difference compounds.
- Buying and selling after listing. After the NFO, ETF units trade on the stock exchange, so you need a demat account. Check trading volumes and how close the market price stays to the NAV.
After the NFO closes
Units are allotted after the offer closes. The ETF then lists on the stock exchange, where its units trade during market hours.
Once a fund has a record, Genvest Research shows its returns against its benchmark, volatility and drawdowns.
Questions people ask
The NFO closes on 19 October 2026. Fund houses can extend or close an NFO early, so check the fund house's notices close to the date.
The minimum is ₹5,000 during the NFO, according to AMFI's listing. Units are offered at ₹10 each.
No. The ₹10 starting price only sets the unit count. What you earn depends on the percentage change in the fund's investments, which is the same whether a unit costs ₹10 or ₹500.
No exit load is listed for this scheme.
That depends on what you already own and why you would add this fund. A new fund has no record of its own, so compare it with existing BSE India Defence index funds and ETFs: their costs, their returns over several years and how much they overlap with funds you hold. This page explains the facts; it is not a recommendation.
Other NFOs open now
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| Aditya Birla Sun Life BSE Total Market ETFAditya Birla Sun Life | ETF · BSE Total Market | 14 OctCloses tomorrow | ₹500 | First on this index |
| Aditya Birla Sun Life BSE Total Market Index FundAditya Birla Sun Life | Index fund · BSE Total Market | 14 OctCloses tomorrow | ₹500 | First on this index |
| Aditya Birla Sun Life Financial Services Sectoral Debt FundAditya Birla Sun Life | Sectoral debt | 14 OctCloses tomorrow | ₹100 | 1 in the category |
| Carnelian Liquid FundCarnelian | Liquid | 14 OctCloses tomorrow | ₹500 | 46 in the category |
| HDFC Nifty LargeMidcap250 Plus 8-13 yr G-sec 70:30 Index FundHDFC | Index fund · Nifty LargeMidcap250 Plus 8-13 yr G-sec 70:30 | 19 OctCloses in 6 days | ₹100 | 2 on the same index |
| ICICI Prudential Nifty Pharma ETFICICI Prudential | ETF · Nifty Pharma | 19 OctCloses in 6 days | ₹1,000 | 2 on the same index |
| JioBlackRock Income Plus Arbitrage Omni FOFJio BlackRock | Fund of funds | 19 OctCloses in 6 days | ₹500 | – |
| Kotak Nifty 500 Index FundKotak Mahindra | Index fund · Nifty 500 | 19 OctCloses in 6 days | ₹1,000 | 7 on the same index |
Sources
- AMFI new fund offer list.
- AMFI daily NAVs to 12 Oct, for existing funds.
This page is educational research based on AMFI data and scheme information documents. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance of other funds does not indicate how a new fund will perform. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.