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「SBI・iシェアーズ・インド株式インデックス・ファンド」は設定からわずか174営業日で純資産600億円突破～ インド株式インデックスファンドでは最速 ～

The SBI iShares India Equity Index Fund achieved a net asset value of 60 billion yen in just 174 business days after its establishment, the fastest among India equity index funds.

SBI Holdings ·  Jun 9 23:00

June 10, 2024
SBI Global Asset Management Co., Ltd.

SBI Asset Management Co., Ltd., a subsidiary of our company, announces that the SBI iShares India Stock Index Fund (a.k.a. Easy India Stocks), which is established and operated by SBI Asset Management Co., Ltd., has exceeded JPY 60 billion in net assets.
This fund can only be sold by SBI Securities Co., Ltd. At the time of initial setup (September 22, 2023), the amount was JPY 5.07 billion, the highest setting amount among the public index funds for stocks that were initially set up in 2023, and the fund has since continued to attract a steady inflow of funds, leading to a net asset total of over JPY 60 billion for India stock index funds, surpassing all other competing funds. It took only 174 business days since its inception for the fund to increase its net assets to approximately 12 times the initial amount.

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This fund is an index fund that aims to achieve investment results that are linked to the Bombay Stock Exchange (BSE) Sensex Index (including dividends, converted to yen) - India's representative stock price index - through investment in iShares Core BSE Sensex India ETF, operated by BlackRock Group, the world’s largest asset management company. The BSE Sensex is an index that represents the Indian stock market consisting of the 30 leading stocks that are listed on BSE (Bombay Stock Exchange), which is the oldest exchange in Asia with the largest number of listed companies in the world. It places more weight on highly liquid stocks with large market capitalization and has a high proportion of large growth stocks in the financial and IT industries, compared to the National Stock Exchange of India's index, Nifty50 (comprised of 50 constituent stocks). The actual management fee charged by this fund is approximately 0.4638% (tax included), the lowest trust fee among public funds linked to the BSE Sensex.
Under the principle of "customer-centricity," we will continue to contribute to the optimal asset formation of our investors by providing high-quality and low-cost investment products.

Above.

*1 Estimated total net asset value reflecting the scheduled amount for setting and other factors on June 10th, based on the net asset value as of June 7th.
*2 As of June 10th, 2024, excluding ETFs and DC/SMA funds; information provided by SBI Asset Management Co., Ltd. based on data released by the Investment Trusts Association, Japan.
*3 As of June 10th, 2024, it has the lowest trust fee among public funds linked to the BSE Sensex, according to Wealth Advisor Co., Ltd.'s website.

The translation is provided by third-party software.


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