SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal

Equity
Direct
Index Funds
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal

About the Fund

SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Raviprakash Sharma, Mohit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal has ₹7431 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 13.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.36%, 15.14% and 15.61% respectively.

Holdings

SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd

Taxation

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus IDCW payments by the constituent stocks.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
51 people have invested ₹ 5.2L in SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal in the last three months

Fund Overview

Expense ratio
Expense ratio
0.2%
Benchmark
Benchmark
IISL Nifty 50 TR INR
AUM
AUM
₹7431 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/--
Exit Load
Exit Load
0.2%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
11.4%

Fund Distribution
as on (31-May-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
99.1%

Mid cap
0.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
34.1%
Energy
13.4%
Tech
12.1%
Consumer Cyclical
9.4%
Consumer Defensive
8%
Basic Materials
6.6%
Industrial
5.4%
Health
4.2%
Communication
3.6%
Utilities
3.1%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Raviprakash Sharma
Raviprakash Sharma
Fund Manager of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal, since 1 February 2011
Mohit Jain
Mohit Jain
Fund Manager of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal, since 30 November 2017

SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.43% since inception which is less than its category average return of 22.01%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.76% in Equity, 0% in Debt and 0.24% in Cash related instruments
AUM size ₹7431 Cr

AUM size ₹7431 Cr

This fund has AUM of ₹7431 Cr which is more than its category average of ₹ 752 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is ₹110.45 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
5.91%
5.91%
6 Month Returns
11.35%
11.35%
1 Year Returns
26.36%
26.36%
3 Years Returns
52.65%
15.14%
5 Years Returns
106.5%
15.61%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.2% as on May 2024
₹7431 Cr as on May 2024
HDFC Bank Ltd(11.57%), Reliance Industries Ltd(9.72%), ICICI Bank Ltd(7.91%), Infosys Ltd(5.05%), Larsen & Toubro Ltd(4.36%) as on May 2024
Financial Services(34.03%), Energy(13.39%), Tech(12.03%) as on May 2024
The alpha ratio for the SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
-0.21
-0.25
-0.45
As on May 2024
The alpha for SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is calculated against IISL Nifty 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
1
1
1
As on May 2024
The Beta for SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is calculated with IISL Nifty 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
1.36
0.69
0.55
As on May 2024
The sharpe ratio for SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is calculated with IISL Nifty 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
10.53
12.48
18.65
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.26 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Raviprakash Sharma, Mohit Jain are the fund managers of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of SBI Nifty Index Fund Direct Payout of Income Distribution cum capital withdrawal is 0.2%