FAQ : SBI Nifty Index Fund - Growth - Direct Plan

SBI Nifty Index Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 29.8 16.01 14.79 12.22
Average Rolling Returns(%) 14.63 13.12 12.24 12.60

The Current NAV of SBI Nifty Index Fund - Growth - Direct Plan is ₹205.48.

You can consider SIP in SBI Nifty Index Fund - Growth - Direct Plan as it has consistently outperformed the benchmark and has a Very good quality portfolio. However, funds returns unlikely to be different than its benchmark NIFTY 50, as the Funds portfolio is similar to its benchmark.

SBI Nifty Index Fund - Growth - Direct Plan fund’s expense ratio is 0.18%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of SBI Nifty Index Fund - Growth - Direct Plan is currently ₹6,850 Crores.

The Top three stocks are HDFC Bank, Reliance Industries and ICICI Bank and account for 29% of its portfolio. Top 5 and 10 stocks of fund account for 39% and 56% of fund’s portfolio respectively.

Top three sectors of SBI Nifty Index Fund - Growth - Direct Plan fund are BFSI, IT and Oil & Gas accounting for 59% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Index Funds - Nifty it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of SBI Nifty Index Fund - Growth - Direct Plan Fund is Index Funds - Nifty.

Raviprakash Sharma manages the SBI Nifty Index Fund - Growth - Direct Plan Fund.

SBI Nifty Index Fund - Growth - Direct Plan current PE ratio is 32.59 and PB ratio is 6.30

The asset allocation of SBI Nifty Index Fund - Growth - Direct Plan is Stocks : 99.99%, Debt : -0.01% and Gold : 0%

The minimum SIP amount for SBI Nifty Index Fund - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹5000.00

The exit load for SBI Nifty Index Fund - Growth - Direct Plan is 0.20% on or before 15 days, Nil after 15 days

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