SBI Nifty50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 06-12-2024
₹ 11.31
Inception Returns
13.1%
/yr
About SBI Nifty50 Equal Weight Index Fund Direct Growth
SBI Nifty50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 31 January, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Nifty50 Equal Weight Index Fund Direct Growth has ₹1067 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
SBI Nifty50 Equal Weight Index Fund Direct Growth has given a CAGR return of 13.06% since inception.
Holdings
SBI Nifty50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Energy, Consumer Defensive, Health, Industrial, Utilities, Communication. Its top holdings are Wipro Ltd, Tech Mahindra Ltd, Bharat Electronics Ltd, State Bank of India, HCL Technologies 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Nifty50 Equal Weight Index Fund Direct Growth
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors. However, there is no guarantee or assurance that the investment objective of the scheme would be achieved
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Nifty50 Equal Weight Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
SBI Nifty50 Equal Weight Index Fund Direct Growth Overview
| Expense ratio | 0.52% |
Benchmark | NIFTY50 Equal Weight TR INR |
| AUM | ₹1067 Cr |
| Inception Date | 31 January, 2024 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 9.61% |
| STCG | Selling mutual fund 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 |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -8.05% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty 50 by 1.88% in Oct'24
- AUM of the fund stands at 1.1K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
Top Growth Drivers | 1M Return |
|---|---|
 Tata Consultancy Services Ltd | 9.7% |
 Bharat Electronics Ltd | 9.3% |
 Tech Mahindra Ltd | 7.8% |
SBI Nifty50 Equal Weight Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1067 Cr
Expense Ratio 0.52%
Frequently Asked Questions for SBI Nifty50 Equal Weight Index Fund Direct Growth
SBI Nifty50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.55% | -1.55% |
6 Month Returns | 5.9% | 5.9% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
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Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty50 Equal Weight Index Fund Direct Growth | - | - | - |