Equity
Direct
Index Funds
NAV as on 02-12-2024
₹ 19.54
▲0.6%
1D
Inception Returns
20.8%
/yr
SBI Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 19 May, 2021. The fund is managed by Raviprakash Sharma. The fund could potentially beat inflation in the long-run.
SBI Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 20.83% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 47.06% and 19.33% respectively.
SBI Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Real Estate, Communication, Energy, Tech. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Tata Power Co Ltd, InterGlobe Aviation Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Nifty Next 50 Index Fund Direct Growth has no lock in period.
Expense ratio | 0.33% |
Benchmark | IISL Nifty Next 50 TR INR |
AUM | ₹1395 Cr |
Inception Date | 19 May, 2021 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 42.32% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Industrial & Basic Materials
SBI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.84% | 1.84% |
6 Month Returns | 5.54% | 5.54% |
1 Year Returns | 47.06% | 47.06% |
3 Years Returns | 69.91% | 19.33% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | -0.46 | -0.39 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 2 | 0.76 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 17.05 | 17.96 | - |