|Min SIP Amount||₹500|
|NAV||₹125.10 (21 Jan 2021)|
|Fund Started||17 Jan 2002|
|Fund Size||₹950 Cr|
|HDFC Bank Ltd.||Financial||Equity||11.0%|
|Reliance Industries Ltd.||Energy||Equity||10.9%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||7.1%|
|ICICI Bank Ltd.||Financial||Equity||5.7%|
|Tata Consultancy Services Ltd.||Technology||Equity||4.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.9%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.3%|
|Axis Bank Ltd.||Financial||Equity||2.6%|
SBI Nifty Index Fund Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 17 Jan 2002. Raviprakash Sharma is the Current Fund Manager of SBI Nifty Index Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹950 Cr and the Latest NAV as of 21 Jan 2021 is ₹125.10.
The SBI Nifty Index Fund 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.