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.

1. SBI Nifty50 Equal Weight Index Fund Direct Growth has ₹1007 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.5.
   

SBI Nifty50 Equal Weight Index Fund Direct Growth has given a CAGR return of 12.67% since inception. Over the last 1 year the fund has given a CAGR return of 5.17%.

SBI Nifty50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Consumer Defensive, Energy, Health, Industrial, Utilities, Communication. Its top holdings are IndusInd Bank Ltd, Bharat Electronics Ltd, Jio Financial Services Ltd, Adani Ports & Special Economic Zone Ltd, Hero MotoCorp 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.