SBI Nifty Index Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Index Funds|
|Exit Load||0.2% for 15 Days|
More about this fund
|HDFC Bank Ltd||10.32%|
|Reliance Industries Ltd Shs Dematerialised||10.28%|
|Housing Development Finance Corp Ltd||7.14%|
|ICICI Bank Ltd||6.39%|
|Tata Consultancy Services Ltd||5.22%|
|Kotak Mahindra Bank Ltd||4.08%|
|Hindustan Unilever Ltd||3.44%|
|Axis Bank Ltd||2.78%|
About SBI Nifty Index Fund - Direct Plan - Growth
The scheme invests assets in stocks comprising the Nifty 50 Index in the same proportion as their weightage in the index. The aim of the scheme is to generate returns that are equivalent to the Total Returns Index of the Nifty 50 Index and to reduce the performance difference between the benchmark index and the scheme.
Pros and Cons of SBI Nifty Index Fund - Direct Plan - Growth
The one-year, three-year, and five-year returns from the scheme are higher than the category average returns. But, the risk-adjusted returns are lower than the category.
Fund Information and Statistics
i) Inception/Launch Date
The scheme was launched on 17 January 2002.
ii) Risk Level
The scheme comes with a moderately high risk as the assets are passively invested in stocks comprising the Nifty 50 Index.
There is no lock-in period for the principal invested. Consider the exit load before redeeming the fund units.
iv) Fund Manager
Mr Raviprakash Sharma is the current Fund Manager for the fund.
v) Entry/Exit Load
Though there is no entry load for this fund, an exit load of 0.20% will be charged if you exit from the scheme within 15 days from the date of allotment. From the 15th day onwards, no exit load is chargeable.
About SBI Mutual Fund
SBI Mutual Fund, the renowned fund house in India, was set up on 29 June 1987. The fund house registered with the Securities and Exchange Board of India (SEBI) on 23 December 1993. While State Bank of India is the sponsor for the fund house, SBI Mutual Fund Trustee Company Private Limited works as the trustee company.
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Frequently Asked Questions
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns