SBI Mutual Fund has unveiled the SBI Nifty Midcap 150 Momentum 50 ETF FoF Direct-IDCW, an open-ended Thematic-Factor-based Equity scheme. This new offering, launched on August 5, 2026, aims to replicate the returns of the SBI Nifty Midcap 150 Momentum 50 ETF.
Fund Specifications
- Minimum Lumpsum Investment: Rs 5,000
- Minimum SIP Investment: Rs 500
- Exit Load: 1% if units are redeemed within 15 days of investment
- Risk Category: Classified as ‘Very High risk‘ by SEBI guidelines
The fund’s performance is benchmarked against the NIFTY Midcap 150 Momentum 50 Total Return Index, aligning its objective with a specific market segment.
Management Team
- Viral Chhadva: Fund manager since July 27, 2026
- Dhrumil Shah: Fund manager since July 2021
- Meenakshi Dawar: Fund manager since January 2023
- Amber Singhania: Fund manager since March 2026
A team of four fund managers oversees the scheme, bringing diverse tenures to its management.
Tax Implications Overview
Short-term Capital Gain (STCG) tax stands at 15% if units are redeemed within one year of investment.
Long-term Capital Gain (LTCG) tax is levied at 10% on gains exceeding Rs 1 lakh in a financial year for redemptions after one year, with gains up to Rs 1 lakh being exempt.
Dividend income is added to an investor’s total income and taxed according to their applicable income tax slab. The fund house deducts a 10% TDS for dividend income surpassing Rs 5,000 in a financial year.
This new thematic-factor-based scheme provides investors with exposure to the midcap momentum segment, operating under a specific risk and taxation framework.