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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
SBI Nifty Bank Index Fund Direct Growth
NAV: 11 Nov '26
₹12.20
Min. for SIP
₹500
Fund size (AUM)
₹200.24 Cr
Expense ratio
0.31%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹16,050 | +7.00% | |
| 6 months | ₹30,000 | ₹32,241 | +7.47% | |
| 1 year | ₹60,000 | ₹64,350 | +7.25% |
Holdings (16)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 18.18% |
| ICICI Bank Ltd | Financial | Equity | 14.99% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 11.28% |
| Axis Bank Ltd | Financial | Equity | 9.97% |
| State Bank of India | Financial | Equity | 9.94% |
| The Federal Bank Ltd | Financial | Equity | 7.02% |
| Indusind Bank Ltd | Financial | Equity | 4.62% |
| AU Small Finance Bank Ltd | Financial | Equity | 4.14% |
| IDFC First Bank Ltd | Financial | Equity | 4.01% |
| Bank Of Baroda | Financial | Equity | 3.71% |
| Punjab National Bank | Financial | Equity | 3.55% |
| Canara Bank | Financial | Equity | 3.31% |
| Union Bank of India | Financial | Equity | 3.11% |
| Yes Bank Ltd | Financial | Equity | 2.17% |
| Repo | Unspecified | Repo | 0.08% |
| Net Payables | Unspecified | Net Payables | -0.09% |
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹500
Returns and rankings
| Name | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | +5.8% | +12.2% | +5.1% | +22.0% |
| Category average (Equity Sectoral) | +1.7% | +5.1% | +3.4% | +113.1% |
| Rank (Equity Sectoral) | 13 | 10 | 15 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.25%, if redeemed within 15 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
About SBI Nifty Bank Index Fund Direct Growth
SBI Nifty Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Viral Chhadva is the Current Fund Manager of SBI Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,53,224 Cr and the Latest NAV as of 11 Nov 2026 is ₹12.20.
The SBI Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.25%, if redeemed within 15 days.
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Investment Objective
The scheme seeks to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error
Fund benchmarkNIFTY Bank Total Return Index
Fund house
Rank (total assets)#1 in India
Total AUM₹12,53,224.15 Cr
Date of Incorporation29 Jun 1987
Launch Date29 Jun 1987
Address9th Floor & Unit no. 1002, 1003 and 1004 of 10th floor,Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex,Bandra (East) Mumbai 400051
CustodianSBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer AgentCams
Email[email protected]
Websitewww.camsonline.com
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,