SBI Nifty Index Fund - Direct Plan

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Value Research Rating

3 star

Analyst’s Choice

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Riskometer

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Very High

₹210.0416 1.64%

As on 23-May-2024

Returns

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Calculate SIP Returns of SBI Nifty Index Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Nifty Index Fund - Direct Plan

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of SBI Nifty Index Fund - Direct Plan

Assets info

₹7,311 Cr

Exit Load (Days) info

0.20 (15)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

1,000

Min. No of Cheques

12

Investment Strategy

The scheme is a passively managed index fund, which would invest in all the stocks comprising Nifty 50 Index in the same proportion as their weightage in the index.

Suitability

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for SBI Nifty Index Fund - Direct Plan

SBI Nifty Index Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in large-cap stocks at all times. Being passively managed, it replicates the portfolio of its chosen benchmark index.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Nifty Index Fund - Direct Plan fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Nifty Index Fund - Direct Plan is ₹210.0416 as of 24-May-2024.

The AUM of SBI Nifty Index Fund - Direct Plan Fund is ₹7,311 Cr as of 30-Apr-2024

The riskometer level of SBI Nifty Index Fund - Direct Plan is Very High. See More

As of 30-Apr-2024, SBI Nifty Index Fund - Direct Plan had invested 100.08% in Equity and -0.08% in Cash & Cash Eq. See More

SBI Nifty Index Fund - Direct Plan is 11 years 4 months old. It has delivered 13.17% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
26.34%
15.89%
15.37%
14.56%
12.86%
13.17%

No, There is no lock in period in SBI Nifty Index Fund - Direct Plan.

The expense ratio of SBI Nifty Index Fund - Direct Plan is 0.20.

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