SBI Mutual Fund, India’s largest fund house, has launched a new Fund of Funds (FoF) called the SBI Nifty Midcap 150 Momentum 50 ETF Fund of Funds. The New Fund Offer (NFO) opened on July 27, 2026.
This open-ended scheme mainly invests in the SBI Nifty Midcap 150 Momentum 50 ETF.
It is designed for investors who want to invest in midcap companies using a momentum-based strategy without needing to buy ETFs directly.
NFO Details and Investment Amount
The NFO will remain open from July 27, 2026, to August 5, 2026.
The minimum lump sum investment is ₹5,000. After that, additional investments can be made in multiples of ₹1.
Investors can also choose a Systematic Investment Plan (SIP) with daily, weekly, monthly, quarterly, half-yearly, or annual investment options.
How Will the Fund Invest?
This is a Fund of Funds, which means it will not buy shares directly. Instead, it will invest in another mutual fund scheme—the SBI Nifty Midcap 150 Momentum 50 ETF.
The planned asset allocation is:
95% to 100% in units of the SBI Nifty Midcap 150 Momentum 50 ETF.
0% to 5% in low-risk instruments such as government securities, treasury bills, state development loans, tri-party repo, and liquid mutual funds.
The underlying index tracks 50 companies selected from the Nifty Midcap 150 Index based on their recent price momentum.
What Is Momentum Investing?
Momentum investing focuses on stocks that have been performing well compared to others in the market. The idea is to invest in companies that are already showing strong price growth, hoping that the upward trend will continue.
This strategy is often described as trying to ride the market’s winning trend.
Who Will Manage the Fund?
The new scheme will be managed by Viral Chhadva, who has been with SBI Mutual Fund since December 2020. He currently manages several passive funds and ETFs offered by the fund house.
No Demat Account? You Can Still Invest
Normally, buying an ETF requires both a demat account and a trading account.
However, because this scheme is a Fund of Funds (FoF), investors can invest in the underlying ETF just like a regular mutual fund. This means even those without a demat account can participate in the Midcap Momentum ETF through this new scheme.
