3 Year return

Launched on January 2013 (11 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved


Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹7940.91 Cr.

Expense Ratio

0.2% (inclusive of GST)

Exit Load

0.20% - For exit within 15 days from the date of allotment. Nil - For exit on or after 15 days from the date of allotment.


ARQ Rating

Ratings by other agencies


Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings


SBI Mutual Fund Managers


Raviprakash Sharma

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹990,090.20 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Nifty Index Fund Direct Plan Growth

Offered by SBI Mutual Fund, the SBI Nifty Index Fund — Direct Plan Growth is a growth-focused scheme that has adopted the open-ended strategy, meaning you can subscribe to its units or redeem your holdings on any business day. It is categorised as an index fund and uses the Nifty 50 Total Return Index (TRI) as its benchmark. However, owing to the significantly high equity allocation, this mutual fund is classified as a high-risk scheme.

Investment Objective of the Scheme

The SBI Nifty Index Fund — Direct Plan Growth aims to generate returns that align with those of the Nifty 50 Total Returns Index, which includes the returns from regular gains or losses as well as the dividends paid by the companies that constitute the index. The scheme attempts to achieve this objective by investing in the constituent stocks in the same ratio as their weightage in the benchmark.

Key Features of The Fund

5-year return 17.12%
Expense Ratio 0.2%
Fund Manager Raviprakash Sharma
Fund Size ₹7940.91 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The SBI Nifty Index is a mutual fund scheme marked as a very high-risk option on the regular and benchmark riskometer. This makes it a suitable option for you only if you are comfortable with increased risk exposure in your portfolio. Furthermore, it could also be a choice worth considering if you want to increase the potential to earn long-term capital growth by investing in passive mutual funds that are more affordable than actively managed schemes.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 3333 1800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Achieve Financial Freedom with SIP

Consider using SIPs to achieve your financial goals like retirement planning or a child's education. SIPs inculcate a habit of regular saving and benefit from the power of compounding. Estimate how much you need to invest monthly to reach your target corpus using Angel One's SIP calculator. This free tool helps you plan your SIP investment strategy for various financial goals.


What is today's NAV of SBI Nifty Index Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Nifty Index Fund Jul 12 2024 is 224.7125

What is the AUM of SBI Nifty Index Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Nifty Index Fund is 7940.91 crore.

What is the expense ratio of SBI Nifty Index Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Nifty Index Fund is 0.2%

What are the returns of SBI Nifty Index Fund since inception?

The SBI Nifty Index Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 13.66 since inception.

What is the minimum SIP amount to invest in SBI Nifty Index Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Nifty Index Fund is 500.

How do I invest in SBI Nifty Index Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Nifty Index Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Nifty Index Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Nifty Index Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.