SBI Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 13.7 as on 05-12-2023
Fund Performance
1675 people have invested ₹ 72.5L in SBI Nifty Next 50 Index Fund Direct Growth in the last three months
INDmoney Rank of SBI Nifty Next 50 Index Fund Direct Growth
Powered by IND quant engine
2
/11
100% Performance
4% Cost
2 out of 11 among Index-Nifty-Next-50
Pros
Low tracking error in the category
Cons
No bad points found for this fund.
About the SBI Nifty Next 50 Index Fund Direct Growth
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.
Key Parameters
- SBI Nifty Next 50 Index Fund Direct Growth has ₹507 Cr worth of assets under management (AUM) as on Oct 2023 and is less than category average.
- The fund has an expense ratio 0.3.
SBI Nifty Next 50 Index Fund Direct Growth Overview
 | 0.33% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹507 Cr |
 | 19 May, 2021 |
 | ₹5000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 47% |
SBI Nifty Next 50 Index Fund Direct Growth Distribution as on (31-Oct-23)
Size breakup
Large cap
88.8%
Mid cap
11.2%
Sector Allocation
Financial Services
22.2%
Basic Materials
17.2%
Industrial
16.3%
Consumer Defensive
15.8%
Consumer Cyclical
10.9%
Utilities
7.6%
Real Estate
2.6%
Energy
2.5%
Health
2.4%
Communication
2.4%
Top Holdings of SBI Nifty Next 50 Index Fund Direct Growth as on (30-Nov-23)
Equity Holdings50
SBI Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Aug'23 and Oct'23
Fund Performance
- This fund’s returns stands at -2.26% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -2.30% as on Oct'23
- This fund outperformed Nifty Next 50 by 0.04% in Oct'23
AUM Change
- AUM of the fund stands at 507.3 Cr as of Oct'23
- AUM decreased by 7.3 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Gainers & Losers in SBI Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Oct
Top Growth Drivers | 1M Return |
|---|---|
 Colgate-Palmolive (India) Ltd | 6.8% |
 ICICI Lombard General Insurance Company Ltd | 5.3% |
 Trent Ltd | 4.6% |
Peer Analysis
SBI Nifty Next 50 Index Fund Direct Growth Fund Manager
Raviprakash Sharma
Fund Manager of SBI Nifty Next 50 Index Fund Direct Growth, since 19 May 2021
Top funds managed
SBI Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 12.67% since inception which is less than its category average return of 17.61%
Fund Allocations
This fund has an allocation of 100% in Equity, 0% in Debt and -0% in Cash related instruments
AUM size ₹507 Cr
This fund has AUM of ₹507 Cr which is less than its category average of ₹ 566 Cr
Expense Ratio 0.33%
This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.53%
Frequently Asked Questions
The current NAV of SBI Nifty Next 50 Index Fund Direct Growth is ₹13.69 as on 05-Dec-2023.
Existing (Absolute + CAGR) as on 05-Dec-2023.
SBI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 10.23% | 10.23% |
6 Month Returns | 17.04% | 17.04% |
1 Year Returns | 12.89% | 12.89% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.33% as on November 2023
₹507 Cr as on November 2023
Shriram Finance Ltd(3.96%), Bharat Electronics Ltd(3.62%), Trent Ltd(3.6%), Cholamandalam Investment and Finance Co Ltd(3.4%), Godrej Consumer Products Ltd(2.84%) as on November 2023
Financial Services(22.23%), Basic Materials(17.19%), Industrial(16.29%) as on November 2023
The alpha ratio for the SBI Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | -0.3 | - | - |
As on November 2023
The alpha for SBI Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 1 | - | - |
As on November 2023
The Beta for SBI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 0.26 | - | - |
As on November 2023
The sharpe ratio for SBI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 16.99 | - | - |
As on November 2023
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.
Raviprakash Sharma is the fund manager of SBI Nifty Next 50 Index Fund Direct Growth
The Exit load of SBI Nifty Next 50 Index Fund Direct Growth is 0.25%