SBI Nifty Midcap 150 Momentum 50 ETF NFO Closes Today, February 24, 2026

The SBI Nifty Midcap 150 Momentum 50 ETF closed its New Fund Offer (NFO) on February 24, 2026. The scheme, launched by SBI Mutual Fund, aims to mirror the performance of the Nifty Midcap 150 Momentum 50 Index.

Investors were allowed to subscribe during the NFO window that opened on February 17, 2026. The scheme will now proceed to the next operational phase following the closure of subscriptions.

NFO Closure Marks Completion of Subscription Period

The NFO closure on February 24, 2026, marks a key milestone for SBI Mutual Fund’s latest ETF offering. The scheme offered investors an opportunity to invest in a passive product tracking the Nifty Midcap 150 Momentum 50 Index.

The investment objective focuses on generating returns that closely correspond to the index, subject to tracking error. The fund does not guarantee achievement of the stated objective, as stated in its offer documentation.

Overview Of SBI Mutual Fund and Scheme Focus

SBI Mutual Fund is one of India’s largest asset management companies and manages a wide range of equity, debt, and hybrid schemes. The new ETF expands its passive investment suite, which includes index funds and ETFs across market segments.

The SBI Nifty Midcap 150 Momentum 50 ETF adds a factor-based mid-cap momentum product to its offerings. The scheme has been categorised under Other ETFs, indicating its specialised index-tracking nature.

Key Financial and Subscription Details

The minimum subscription amount for the NFO was ₹5,000, with investments allowed in multiples of ₹1 thereafter. The scheme operates as an open-ended ETF, allowing continuous purchase and sale after listing.

There is no exit load applicable to the scheme, as specified in the fund’s terms. The NFO period ran from February 17, 2026, to February 24, 2026, marking a 7‑day subscription window.

Market Process and Next Operational Steps

Following the NFO closure, allotment and listing procedures will take place as per standard ETF timelines. Units will be allotted based on the applications received during the offer period and subject to regulatory compliance.

Once listed, investors will be able to buy and sell units on stock exchanges at market-determined prices. The fund will continue to track the Nifty Midcap 150 Momentum 50 Index to replicate its performance as closely as possible.

Read More: SBI Mutual Fund Launches SBI Nifty Midcap150 Momentum 50 ETF.

Conclusion

The closure of the SBI Nifty Midcap 150 Momentum 50 ETF NFO marks the final step in its subscription phase. The ETF will now move toward allotment and eventual exchange listing.

Its structure aims to provide investors with exposure to mid-cap momentum stocks through a passive investment route. The development adds another specialised ETF option to SBI Mutual Fund’s broader passive product lineup.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.