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SBI Nifty Next 50 Index Fund

Fund Manager
  • Mr. Raviprakash Sharma

    Managing this fund since Apr 2021.

    Total Experience 18 years .

    • Category
      OTHER SCHEMES
    • AUM ():
      421.22 Cr as on 31 May 2022
    • Risk
      VERY HIGH
      riskometer
      • Long term capital appreciation
      • Investment in securities covered by Nifty Next 50 Index
    • Benchmark
      Nifty Next 50 TRI
    • Exit Load
      Read more
    • Type of Scheme
      Read more
    • Launch Date
      April 28, 2021
    Returns

    as on May 31, 2022

    5.44%

    Min Lumpsum ()

    5000 & in multiples of 1

    Min Additional Lumpsum ()

    1000 & in multiples of 1

    Investment Objective:

    The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

    Investment Strategy:

    The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. The scheme will primarily invest in the securities constituting the underlying index. However, due to changes in underlying index the scheme may temporarily hold securities which are not part of the index. For example, the portfolio may hold securities not included in the respective underlying index as result of certain changes in the underlying index such as reconstitution, addition, deletion etc. The fund manager’s endeavour would be to rebalance the portfolio in order to mirror the index; however, there may be a short period where the constituents of the portfolio may differ from that of the underlying index. These investments which fall outside the underlying index as mentioned above shall be rebalanced within a period of 7 days.

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(28/04/2021)
    SBI Nifty Next 50 Index Fund3.59%N.A.N.A.5.44%
    Scheme Benchmark: - Nifty Next 50 TRI
    4.47%N.A.N.A.6.41%
    Additional Benchmark: - S&P BSE Sensex TRI
    8.39%N.A.N.A.12.59%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(28/04/2021)
    SBI Nifty Next 50 Index Fund 10359N.A.N.A. 10562.8
    Scheme Benchmark: - Nifty Next 50 TRI
    10447N.A.N.A. 10662.37
    Additional Benchmark: - S&P BSE Sensex TRI
    10839N.A.N.A. 11303.29

    Different plans have a different expense structure

    Quantitative Data
    Expense Ratio** (As on 2022-05-31): 0.84
    Tracking Error (As on 2022-06-30): 0.08%

    **All expense ratios are inclusive of GST on Management Fees

    Latest NAV: iNAV :
    Note:
    1. Transaction charges payable by the investor is per creation request and will be as determined by the AMC at the time of transaction.
    2. The STT, Depository & Upload charges will be at actuals.
    3. Cash component is an indicative amount and will be collected/paid as applicable on the date of purchase/redemption.

    Unit holders, other than Authorised Participants and Large Investors, can redeem units in less than Creation Unit Size of the Scheme directly with the Mutual Fund in the following cases:

    • Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or
    • No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or
    • Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days

    In such a scenario valid applications received up to 3 p.m. by the Mutual Fund shall be processed and the Redemption proceeds would be paid in cash and would be as per the NAV of the Scheme declared by the Mutual Fund at the end of the day on which the Redemption request is received. Any redemption as specified above shall be made without any payments of Exit Load.

    Note : Please select the date below to check the availability of this direct redemption option

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