SBI Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 18.18 as on 16-05-2024
About the Fund
SBI Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 19 May, 2021. The fund is managed by Raviprakash Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Nifty Next 50 Index Fund Direct Growth has ₹827 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.3.
Fund Performance
2495 people have invested ₹ 2Cr in SBI Nifty Next 50 Index Fund Direct Growth in the last three months
Overview
 | 0.34% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹827 Cr |
 | 19 May, 2021 |
 | ₹5000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 47% |
SBI Nifty Next 50 Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
87.4%
Mid cap
12.6%
Sector Allocation
Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
3%
Health
2.5%
Communication
2.4%
Top Holdings of SBI Nifty Next 50 Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 16.7% |
 Trent Ltd | 14.4% |
 Hindustan Aeronautics Ltd | 12.3% |
Top Losers | 1M Return |
|---|---|
 DLF Ltd | -5.2% |
 Shree Cement Ltd | 2.9% |
 TVS Motor Company Ltd | 6.7% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 7.02% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty Next 50 by 6.39% in Apr'24
AUM Change
- AUM of the fund stands at 826.6 Cr as of Apr'24
- AUM increased by 81.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
INDmoney Rank
Powered by IND quant engine
3
/12
100% Performance
4% Cost
3 out of 12 among Index-Nifty-Next-50
Pros
Low tracking error in the category
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Raviprakash Sharma
Fund Manager of SBI Nifty Next 50 Index Fund Direct Growth, since 19 May 2021
Top funds managed
SBI Nifty Next 50 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 21.53% since inception which is more than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹827 Cr
This fund has AUM of ₹827 Cr which is more than its category average of ₹ 723 Cr
Expense Ratio 0.34%
This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of SBI Nifty Next 50 Index Fund Direct Growth is ₹18.18 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
SBI Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.55% | 3.55% |
6 Month Returns | 42.06% | 42.06% |
1 Year Returns | 60.53% | 60.53% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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0.34% as on April 2024
₹827 Cr as on April 2024
Trent Ltd(5%), Bharat Electronics Ltd(4.31%), Tata Power Co Ltd(3.91%), Hindustan Aeronautics Ltd Ordinary Shares(3.8%), Power Finance Corp Ltd(3.3%) as on April 2024
Financial Services(23.76%), Industrial(19.26%), Basic Materials(13.16%) as on April 2024
The alpha ratio for the SBI Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | -0.35 | - | - |
As on April 2024
The alpha for SBI Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Next 50 Index Fund Direct Growth | 1 | - | - |
As on April 2024
The Beta for SBI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 50 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 Next 50 Index Fund Direct Growth | 3.2 | - | - |
As on April 2024
The sharpe ratio for SBI Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 50 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 Next 50 Index Fund Direct Growth | 14.03 | - | - |
As on April 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.
Raviprakash Sharma is the fund manager of SBI Nifty Next 50 Index Fund Direct Growth
The Exit load of SBI Nifty Next 50 Index Fund Direct Growth is 0.25%