SBI Mutual Fund on September 20, 2022 announced the launch of two equity index funds. Named SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund, the two open-ended schemes would replicate the performance of their underlying indices – Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.