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. Harsh Sethi is the Current Fund Manager of SBI Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,84,452 Cr and the Latest NAV as of 23 Sep 2025 is ₹11.09. 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. ;

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 ;