SBI Nifty Next 50 Index Fund Direct Growth

SBI Nifty Next 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 23-12-2024

₹ 18.91

-2.7%

1D

Inception Returns

19.3%

/yr

About SBI Nifty Next 50 Index Fund Direct Growth

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

  1. SBI Nifty Next 50 Index Fund Direct Growth has ₹1494 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

SBI Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 19.34% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 35.38% and 20.04% respectively.

Holdings

SBI Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Utilities, Consumer Defensive, Health, Communication, Real Estate, Tech, Energy. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, InterGlobe Aviation Ltd, Power Finance Corp 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of SBI Nifty Next 50 Index Fund Direct Growth

The investment objective of the scheme is to provide returns that closely 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 Next 50 Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
8254 people have invested ₹ 7.9Cr in SBI Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank for SBI Nifty Next 50 Index Fund Direct Growth

Powered by IND quant engine
3
/12
88% Performance
12% Cost
3 out of 12 among Index-Nifty-Next-50

SBI Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio0.33%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹1494 Cr
Inception Date19 May, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
42.32%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (30-Nov-24)

  • Equity 100%

Large cap
91.5%

Mid cap
8.5%

Sector Allocation

Nov'24

Oct'24

Sep'24

Financial Services
22.6%
Industrial
19.5%
Basic Materials
12%
Consumer Cyclical
9.2%
Utilities
9.2%
Consumer Defensive
8.1%
Health
7.1%
Communication
3.4%
Real Estate
3.2%
Tech
3%
Energy
2.8%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
1.21%
-9.32%
2.33%
Nifty Next 50
-0.71%
-6.17%
2.11%
  • This fund’s returns stands at 1.21% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.71% as on Nov'24
  • This fund outperformed Nifty Next 50 by 1.93% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 1.5K Cr
₹ 1.4K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.5K Cr as of Nov'24
  • AUM increased by 99.6 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Info Edge (India) Ltd's allocation increased from 3.12% to 3.42%
Info Edge (India) Ltd's allocation increased from 3.12% to 3.42%
Zomato Ltd's allocation increased from 1.89% to 2.16%
Zomato Ltd's allocation increased from 1.89% to 2.16%
Power Finance Corp Ltd's allocation increased from 3.56% to 3.82%
Power Finance Corp Ltd's allocation increased from 3.56% to 3.82%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.23 % to 4.08 %
Vedanta Ltd's allocation decreased from 4.23 % to 4.08 %
Tata Power Co Ltd's allocation decreased from 4 % to 3.71 %
Tata Power Co Ltd's allocation decreased from 4 % to 3.71 %
TVS Motor Co Ltd's allocation decreased from 3.15 % to 3.04 %
TVS Motor Co Ltd's allocation decreased from 3.15 % to 3.04 %
Large Cap allocation has gone down from 91.8% to 91.5%
Large Cap allocation has gone down from 91.8% to 91.5%
Mid Cap allocation has gone up from 8.5% to 8.5%
Mid Cap allocation has gone up from 8.5% to 8.5%
Cash allocation has gone up from -0.2% to -0%
Cash allocation has gone up from -0.2% to -0%

Top 3 Sectors in November were Financial Services, Industrial & Basic Materials

Nov'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Oct'24
Financial Services
23%
Industrial
19%
Basic Materials
12%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
52
52
52
Top 5 Company Concentration
20.6%
20.4%
19.8%
Company having highest exposure
Hindustan Aeronautics Ltd Ordinary Shares (4.5%)
Hindustan Aeronautics Ltd Ordinary Shares (4.3%)
Vedanta Ltd (4.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
72.4%
72.8%
73.1%
Sector having highest exposure
Financial Services (22.6%)
Financial Services (22.6%)
Financial Services (22.4%)
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Raviprakash Sharma
Raviprakash Sharma
Fund Manager of SBI Nifty Next 50 Index Fund Direct Growth, since 19 May 2021
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.65L Cr
as on 29-Nov-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

SBI Nifty Next 50 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.34% since inception which is more than its category average return of 14.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.03% in Equity, 0% in Debt and -0.03% in Cash related instruments
AUM size ₹1494 Cr

AUM size ₹1494 Cr

This fund has AUM of ₹1494 Cr which is more than its category average of ₹ 824 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.56%

Frequently Asked Questions for SBI Nifty Next 50 Index Fund Direct Growth

The current NAV of SBI Nifty Next 50 Index Fund Direct Growth is ₹18.91 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
SBI Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.37%
1.37%
6 Month Returns
-3.96%
-3.96%
1 Year Returns
35.38%
35.38%
3 Years Returns
72.97%
20.04%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.33% as on November 2024
₹1494 Cr as on November 2024
Hindustan Aeronautics Ltd Ordinary Shares(4.51%), Divi's Laboratories Ltd(4.16%), Vedanta Ltd(4.08%), InterGlobe Aviation Ltd(4.02%), Power Finance Corp Ltd(3.82%) as on November 2024
Financial Services(22.57%), Industrial(19.46%), Basic Materials(11.96%) as on November 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
-0.46
-0.39
-
As on November 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
1
-
As on November 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
2
0.76
-
As on November 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
17.05
17.96
-
As on November 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 1.24 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
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%