Both schemes are open-ended ETFs designed to track specific equity indices.
The SBI Nifty Smallcap 250 ETF will replicate the Nifty Smallcap 250 Index, which comprises 250 companies ranked between 251 and 500 within the broader Nifty 500 universe. The index is intended to capture the performance of small-cap companies and currently represents about 5.2% of the free-float market capitalisation, according to the National Stock Exchange of India.
The SBI Nifty200 Value 30 ETF, meanwhile, will track the Nifty200 Value 30 Index, which selects 30 companies from the Nifty 200 based on value-oriented metrics such as earnings-to-price ratio, book value-to-price ratio, sales-to-price ratio and dividend yield.
The fund house said both schemes aim to generate returns in line with their respective indices, subject to tracking error, though it clarified there is no assurance that the investment objectives will be achieved.
The ETFs will primarily invest 95–100% of their assets in index constituents, with up to 5% allocated to government securities, treasury bills, triparty repo, or units of liquid mutual funds. The minimum investment amount during the NFO has been set at ₹5,000, with additional investments allowed in multiples of ₹1.
Nand Kishore, MD & CEO, SBI Funds Management, said the launch reflects growing investor interest in passive investing as part of portfolio construction.
D P Singh, Joint CEO, SBI Funds Management, added that the products are intended to expand the fund house’s passive offerings across value and small-cap segments.
Viral Chhadva will manage both ETFs.
