3 Year return

0
Launched on April 2021 (3 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹826.58 Cr.

Expense Ratio

0.33% (inclusive of GST)

Exit Load

For exit within 30 Days from th date of allotment. 0.25%. For exit after 30 Days from the date of allotment - NIL.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

SBI Mutual Fund Managers

RS

Raviprakash Sharma

Fund Manager since Apr 2022

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 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 Next 50 Index Fund Direct Plan Growth

SBI Nifty Next 50 Index Fund Direct Plan Growth is an equity scheme that belongs to the SBI Mutual Fund house. The scheme falls under the index fund category and is open ended in nature. The benchmark of this large cap equity scheme is NIFTY Next 50 Total Return Index.

Investment Objective of The Scheme

Subject to tracking error, SBI Nifty Next 50 Index Fund Direct Plan Growth aims to deliver returns that roughly match the total returns of the securities represented by the underlying index. The fund invests across market capitalisations and primarily adheres to a blend-oriented approach of investing. The scheme makes use of a passive investing technique. The plan will invest in equities in the same proportion as the Nifty Next 50 index, with the goal of producing returns similar to the Total Returns Index of the Nifty Next 50 index by minimising the performance gap between the benchmark index and the scheme.

Key Features of The Fund

5-year return NA
Expense Ratio 0.33%
Fund Manager Raviprakash Sharma
Fund Size ₹826.58 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are an investor looking for regular income and long term capital appreciation, you could consider making an investment in SBI Nifty Next 50 Index Fund Direct Plan Growth. However, note that this scheme comes with very high risk levels. Therefore, you need to be sure that your financial goals and risk tolerance align with the scope of the scheme. An investment horizon of 3 years or more would help minimise the downside risk and make the returns more predictable. Remember to consult with your financial advisors in case you have any doubts related to the scheme.

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 33331800 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.

FAQs

What is today's NAV of SBI Nifty Next 50 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 Next 50 Index Fund May 17 2024 is 18.3948

What is the AUM of SBI Nifty Next 50 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 Next 50 Index Fund is 826.58 crore.

What is the expense ratio of SBI Nifty Next 50 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 Next 50 Index Fund is 0.33%

What are the returns of SBI Nifty Next 50 Index Fund since inception?

The SBI Nifty Next 50 Index Fund was launched on Apr 28 2021. The fund has delivered a CAGR of 22.55 since inception.

What is the minimum SIP amount to invest in SBI Nifty Next 50 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 Next 50 Index Fund is 500.

How do I invest in SBI Nifty Next 50 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 Next 50 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 Next 50 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 Next 50 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.