|Min SIP Amount||₹500|
|NAV||₹105.78 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹914 Cr|
|Reliance Industries Ltd.||Energy||Equity||14.6%|
|HDFC Bank Ltd.||Financial||Equity||9.4%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.3%|
|ICICI Bank Ltd.||Financial||Equity||4.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||3.7%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.7%|
|Larsen & Toubro Ltd.||Construction||Equity||2.2%|
SBI Nifty Index Direct Plan Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Raviprakash Sharma is the Current Fund Manager of SBI Nifty Index Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹914 Cr and the Latest NAV as of 23 Oct 2020 is ₹105.78.
The SBI Nifty Index Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.20% if redeemed within 15 days
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.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.