SBI Nifty50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 18-10-2024
₹ 11.81
▲0.5%
1D
Inception Returns
18.1%
/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 ₹1137 Cr worth of assets under management (AUM) as on Sep 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 18.07% 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, Energy, Consumer Defensive, Tech, Health, Industrial, Utilities, Communication. Its top holdings are Bharat Petroleum Corp Ltd, Hindalco Industries Ltd, Grasim Industries Ltd, JSW Steel Ltd, Tata Steel 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 | ₹1137 Cr |
| Inception Date | 31 January, 2024 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 9.61% |
| 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 |
Fund Distribution
as on (30-Sep-24)
- This fund’s returns stands at 2.65% whereas the fund’s underlying benchmark Nifty 50 returns stands at 2.11% as on Sep'24
- This fund outperformed Nifty 50 by 0.54% in Sep'24
- AUM of the fund stands at 1.1K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Tech
Top Growth Drivers | 1M Return |
|---|---|
 Hindalco Industries Ltd | 10.1% |
 Mahindra & Mahindra Ltd | 6% |
SBI Nifty50 Equal Weight Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 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 | -2.16% | -2.16% |
6 Month Returns | 15.85% | 15.85% |
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.
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