Why should you choose SBI NIFTY Index Fund?

Mutual Fund

SBI NIFTY Index Fund is an open ended equity fund under the large cap category. It was launched on January 17, 2002. The investment objective of SBI NIFTY Index Fund is to invest in the stocks which includes Nifty 50 Index in the same magnitude as their weightage in the index with the aim to generate returns that is equal to the Total Returns Index of NIFTY 50 Index by lowering the performance difference between the fund and the benchmark index.

SBI NIFTY Index Fund is managed by Mr. Raviprakash Sharma. The risk profile of this fund is moderately high. Investment in this fund offers two options- SBI NIFTY Index Fund growth plan and SBI NIFTY Index Fund dividend plan. The cost of managing this fund is very minimal, SBI NIFTY Index Fund expense ratio is 0.66%.

SBI NIFTY Index Fund Facts

  • SBI NIFTY Index Funds portfolio includes equity stocks predominantly in large cap stocks.
  • The last 3 year and 5 year returns of SBI NIFTY Index Fund regular growth scheme are 14.10% and 11.32% respectively.
  • You can easily invest in this mutual fund scheme online in India with just few clicks sitting in the comfort of your home.
  • SBI NIFTY Index Fund is ideal for those who wants to invest in mutual fund but is scared of equity exposure.

Top 14 Sectors of SBI NIFTY Index Fund

S.No. Holding Name Net Assets (in %)
1 Financial Services 38.8
2 Energy 15.29
3 IT 13.66
4 Consumer Goods 11.27
5 Automobile 6.08
6 Metals 3.68
7 Construction 3.65
8 Pharma 2.42
9 Cement & Cement Products 1.61
10 Telecom 1.51
11 Fertilizers & Pesticides 0.75
12 Services 0.64
13 Media & Entertainment 0.53
14 Cash, Cash Equivalent and others 0.11

(as on 31/03/2019)

Top 10 Holdings of SBI NIFTY Index Fund

S.No. Holding Name Net Assets (in %)
1 HDFC Bank Ltd. 10.66
2 Reliance Industries Ltd. 9.97
3 Housing Development Finance Corporation Ltd. 6.94
4 Infosys Ltd. 6.04
5 ICICI Bank Ltd. 5.51
6 ITC Ltd. 5.45
7 Tata Consultancy Services Ltd. 4.49
8 Kotak Mahindra Bank Ltd. 3.81
9 Larsen & Toubro Ltd. 3.65
10 Axis Bank Ltd. 3.23

(as on 31/03/2019)

SBI NIFTY Index Fund Details

Launch Date- January 17, 2002

Fund Manager- Mr. Raviprakash Sharma

Risk- Moderately High

Benchmark- NIFTY 50 Index

Return Since Launch- 14.25%

AUM- Rs. 461.1 crore (as on 31st Mar, 2019)

Following is the performance of SBI NIFTY Index Fund-

  1-Year 3-Year 5-Year 10-Year
Fund 9.95 14.10 11.32 12.97
S&P BSE Sensex 50 TRI 10.31 15.61 13.00 15.32
Category 6.78 13.53 12.28 14.00
Rank within Category 36 35 45 28
Number of funds in category 91 76 62 39
As on Apr 23, 2019

 

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