SBI Nifty Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 204.08 as on 23-04-2024
Fund Performance
12979 people have invested ₹ 13.4Cr in SBI Nifty Index Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 3 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 21.92% return, outperforming this fund by 4.9% per annum.
In the last 1 year, Motilal Oswal S&P BSE Enhanced Value Index Fund Direct Growth has given 92.76% return, outperforming this fund by 64.69%.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.18% which is lower than the category average expense ratio of 0.33%.
Over the last 6 months, this fund has experienced a 34.5% growth in AUM moving from 5.09K Cr to 6.85K Cr.
In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 17.72% return, outperforming this fund by 2.8% per annum.
INDmoney Rank of SBI Nifty Index Fund Direct Growth
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4
/16
70% Performance
19% Cost
4 out of 16 among Index-Nifty-50
Pros
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the SBI Nifty Index Fund Direct Growth
SBI Nifty Index Fund is a type of mutual fund that tracks the performance of the benchmark Nifty 50 index. The Nifty 50 is a stock market index in India that represents the performance of the top 50 most valued companies listed on the National Stock Exchange (NSE).Investors can gain exposure to a diversified portfolio of stocks of the largest and most liquid companies in India, which may help to reduce investment risk. As the fund aims to replicate the performance of the Nifty 50 index, investors can expect returns that closely follow the performance of the index.The fund is a passively managed fund which means the fund manager does not actively select stocks, keeping the cost of buying and holding the fund quite low compared to actively managed funds.
Key Parameters
- SBI Nifty Index Fund Direct Growth has ₹6850 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.2.
SBI Nifty Index Fund Direct Growth Overview
 | 0.18% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹6850 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 0.2% |
 | No Lock-in |
 TurnOver | 11.4% |
SBI Nifty Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
99.3%
Mid cap
0.7%
Sector Allocation
Financial Services
33.5%
Energy
13.7%
Tech
13%
Consumer Cyclical
9.2%
Consumer Defensive
8.2%
Basic Materials
6.2%
Industrial
5.5%
Health
4.4%
Communication
3.2%
Utilities
2.9%
Top Holdings of SBI Nifty Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
SBI Nifty Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.55% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 1.60% in Mar'24
AUM Change
- AUM of the fund stands at 6.9K Cr as of Mar'24
- AUM increased by 356.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Nifty Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 12% |
 Bharti Airtel Ltd | 4.9% |
 ITC Ltd | 1.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Tata Consultancy Services Ltd | -3.6% |
 Axis Bank Ltd | -0.6% |
Peer Analysis
SBI Nifty Index Fund Direct Growth Fund Manager
Raviprakash Sharma
Fund Manager of SBI Nifty Index Fund Direct Growth, since 1 February 2011
Top funds managed
Mohit Jain
Fund Manager of SBI Nifty Index Fund Direct Growth, since 30 November 2017
Top funds managed
SBI Nifty 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 13.06% since inception which is less than its category average return of 19.5%
Fund Allocations
This fund has an allocation of 100.01% in Equity, 0% in Debt and -0.01% in Cash related instruments
AUM size ₹6850 Cr
This fund has AUM of ₹6850 Cr which is more than its category average of ₹ 689 Cr
Expense Ratio 0.18%
This fund has an expense ratio of 0.18% which is less than its category average expense ratio of 0.51%
Frequently Asked Questions
The current NAV of SBI Nifty Index Fund Direct Growth is ₹204.08 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
SBI Nifty Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.2% | 1.2% |
6 Month Returns | 16.23% | 16.23% |
1 Year Returns | 28.07% | 28.07% |
3 Years Returns | 60.23% | 17.02% |
5 Years Returns | 100.44% | 14.92% |
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0.18% as on March 2024
₹6850 Cr as on March 2024
HDFC Bank Ltd(11.07%), Reliance Industries Ltd(10.22%), ICICI Bank Ltd(7.8%), Infosys Ltd(5.44%), Larsen & Toubro Ltd(4.52%) as on March 2024
Financial Services(33.54%), Energy(13.72%), Tech(13.04%) as on March 2024
The alpha ratio for the SBI Nifty Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Index Fund Direct Growth | -0.21 | -0.26 | -0.47 |
As on March 2024
The alpha for SBI Nifty Index Fund Direct Growth is calculated against IISL Nifty 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 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Index Fund Direct Growth | 1 | 1 | 1.01 |
As on March 2024
The Beta for SBI Nifty Index Fund Direct Growth is calculated with IISL Nifty 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 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 Index Fund Direct Growth | 1.9 | 0.81 | 0.57 |
As on March 2024
The sharpe ratio for SBI Nifty Index Fund Direct Growth is calculated with IISL Nifty 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 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 Index Fund Direct Growth | 10.55 | 12.89 | 18.66 |
As on March 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.
Sortino ratio is 1.54 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Raviprakash Sharma, Mohit Jain are the fund managers of SBI Nifty Index Fund Direct Growth
The Exit load of SBI Nifty Index Fund Direct Growth is 0.2%