Debasish Mishra, MD & CEO
The scheme will invest a minimum of 95 per cent of its assets in units of the SBI BSE India Defence ETF, with the remainder held in government securities maturing up to one year, T-Bills, triparty repo, or units of liquid mutual funds. The benchmark is the BSE India Defence TRI.
The BSE India Defence index tracks stocks representing the defence theme, including companies from specific basic industries linked to the sector. The fund is benchmarked against the BSE India Defence TRI.
During the NFO period, the minimum application amount is ₹5,000, with additional purchases of ₹1,000 and multiples of ₹1 thereafter. An exit load of 1 per cent applies for redemptions within 15 days of allotment; no exit load applies after that.
MD & CEO Debasish Mishra described the defence sector as a critical pillar of India’s progress, citing policy focus and the push for self-reliance as key drivers behind the product’s launch.
The fund will be managed by Viral Chhadva, who has been with SBI Funds Management since December 2020 and currently manages several passive offerings. The scheme carries no guarantee of achieving its stated investment objective.
Published on November 12, 2026
