SBI Nifty Bank Index Fund Direct Growth
NAV as on 17-04-2025
₹ 10.77
▲2.2%
1D
Inception Returns
7.7%
/yr
Historical NAV & Returns
About SBI Nifty Bank Index Fund Direct Growth
SBI Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 6 February, 2025. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Nifty Bank Index Fund Direct Growth has ₹102 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
SBI Nifty Bank Index Fund Direct Growth has given a CAGR return of 7.73% since inception.
Holdings
SBI Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of SBI Nifty Bank 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 error. However, there is no guarantee or assurance that the investment objective of the scheme will 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 Nifty Bank Index Fund Direct Growth has no lock in period.
SBI Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.22% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹102 Cr |
| Inception Date | 6 February, 2025 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 28.28% | -0% | |
 ICICI Bank Ltd | 25.4% | -1% | |
 Kotak Mahindra Bank Ltd | 8.53% | -18.3% | |
 State Bank of India | 8.51% | 6.3% | |
 Axis Bank Ltd | 8.4% | -2.6% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Nifty Bank Index Fund Direct Growth | - | - | - | 7.73% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 15.05% | 13.86% | 21.46% | 13.14% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 8.76% | 11.98% | 21.92% | 12.91% |
 ICICI Prudential Nifty 50 Index Plan Direct Growth | 8.69% | 11.94% | 21.79% | 12.97% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 10.1% |
 Kotak Mahindra Bank Ltd | 7.6% |
 ICICI Bank Ltd | 7.4% |
SBI Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹102 Cr
Expense Ratio 0.22%
More funds from SBI
5Y CAGR
▲ 31.28
5Y CAGR
▲ 26.46
5Y CAGR
▲ 31.68
5Y CAGR
▲ 29.53
5Y CAGR
▲ 35.50
Frequently Asked Questions for SBI Nifty Bank Index Fund Direct Growth
SBI Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 12.23% | 12.23% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Nifty Bank Index Fund Direct Growth | - | - | - |