SBI Nifty50 Equal Weight Index Fund Direct Growth

Equity
Direct
Index Funds
SBI Nifty50 Equal Weight Index Fund Direct Growth

About the Fund

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

  1. SBI Nifty50 Equal Weight Index Fund Direct Growth has ₹1010 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

SBI Nifty50 Equal Weight Index Fund Direct Growth has given a CAGR return of 14.42% 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, Utilities, Industrial, Communication. Its top holdings are Reliance Industries Ltd, UltraTech Cement Ltd, Grasim Industries Ltd, Dr Reddy's Laboratories Ltd, LTIMindtree 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 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.

Fund Performance
zero opening, trading, fund transfer fee
870 people have invested ₹ 42.3L in SBI Nifty50 Equal Weight Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.52%
Benchmark
NIFTY50 Equal Weight TR INR
AUM₹1010 Cr
Inception Date31 January, 2024
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
97.9%

Mid cap
2%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
21.7%
Consumer Cyclical
13.8%
Basic Materials
12.2%
Tech
12.1%
Energy
10.2%
Consumer Defensive
10%
Health
10%
Utilities
4.1%
Industrial
4%
Communication
2%

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Wipro Ltd
Wipro Ltd
13.6%
LTIMindtree Ltd
LTIMindtree Ltd
12.8%

SBI Nifty50 Equal Weight Index Fund Direct Growth 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 returns of 14.42% since inception (31nd Jan 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 99.86% in Equity, 0% in Debt and 0.14% in Cash related instruments
AUM size ₹1010 Cr

AUM size ₹1010 Cr

This fund has AUM of ₹1010 Cr which is more than its category average of ₹ 794 Cr
Expense Ratio 0.52%

Expense Ratio 0.52%

This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of SBI Nifty50 Equal Weight Index Fund Direct Growth is ₹11.46 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
SBI Nifty50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.99%
3.99%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
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.
0.52% as on June 2024
₹1010 Cr as on June 2024
Reliance Industries Ltd(2.12%), UltraTech Cement Ltd(2.12%), Grasim Industries Ltd(2.09%), Dr Reddy's Laboratories Ltd(2.08%), LTIMindtree Ltd(2.07%) as on June 2024
Financial Services(21.67%), Consumer Cyclical(13.8%), Basic Materials(12.16%) as on June 2024
The alpha ratio for the SBI Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Nifty50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The alpha for SBI Nifty50 Equal Weight Index Fund Direct Growth is calculated against NIFTY50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Nifty50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The Beta for SBI Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 2024
The sharpe ratio for SBI Nifty50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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 Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund Direct Growth
-
-
-
As on June 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.
The Exit load of SBI Nifty50 Equal Weight Index Fund Direct Growth is 0.25%