| Launch date | 04 Feb 2025 |
| Allotment date | 21 Feb 2025 |
| End date | 17 Feb 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit load of 0.25%, if redeemed within 15 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹5,000 |
| Min. for SIP | ₹500 |
Fund management
Harsh SethiFeb 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #1 in India |
|---|---|
| Total AUM | ₹11,06,904.48Cr |
| Date of Incorporation | 29 Jun 1987 |
|---|
SBI Nifty IT 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 IT Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,06,904 Cr and the Latest NAV as of 04 Feb 2025 is ₹10.00. The SBI Nifty IT 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. ;
| Fund benchmark | NIFTY IT Total Return Index |
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