Demat account is necessary
You need a demat and trading account to invest in this. In this regard, Vinay M. Tonse, MD and CEO, SBI said, “We believe that there is tension around passive funds in the world and in India, so investors want to invest according to an index. Investing in ETFs is beneficial for those who want to invest in a wide range of asset classes at a low cost. The addition of actively managed funds through SBI ETF consumption, will help in growing its portfolio of offerings in the passive investment segment.
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Learn about it..
This ETF of SBI Mutual Fund has been designed to monitor the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector comprising the Nifty India Consumption Index. This includes consumer non-durables, healthcare, auto, telecommunications services, pharmaceuticals, hotels, media and entertainment.