
SBI Nifty Bank Index Fund Direct Growth is a mutual fund scheme launched on 06 Feb 2025. The current NAV stands at ₹11.1479 as of 03 Nov 2026. From the funds total AUM, its top holdings include HDFC Bank at 17.90%, ICICI Bank at 13.60%, Axis Bank at 10.26%, Kotak Bank at 9.79%, State Bank of India at 9.05%
Scheme Overview
- Inception Date : 06 Feb 2025
- AUM : ₹199.01 Cr
- 1Y Returns (CAGR) : -4.34%
- Expense Ratio : 0.33%
- Min. SIP : ₹500
- Min. Lumpsum : ₹5,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
1Y
₹ 6.10 L
3.50%
₹ 6.27 L
8.00%
₹ 5.86 L
-4.34%
Total Investment
₹ 6,00,000
Returns
₹ -13,920 (-4.34%)
Maturity Value
₹ 5,86,080
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
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*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
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Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 199.01 Cr
Cash Holding
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Equity
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Cash
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Debt
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Other
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Asset Allocation
AUM
₹199.01 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 99.82% | ||
| Other | 0.18% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() H HDFC Bank | 17.90% | |
![]() I ICICI Bank | 13.60% | |
![]() A Axis Bank | 10.26% | |
![]() K Kotak Bank | 9.79% | |
![]() S State Bank of India | 9.05% | |
![]() F Federal Bank | 6.37% | |
![]() I Indusind Bank | 5.39% | |
![]() A AU Small Finance Bank | 4.86% | |
![]() B Bank of Baroda | 4.46% | |
![]() I IDFC First Bank | 4.26% | |
![]() C Canara Bank | 3.98% | |
![]() Y Yes Bank | 3.67% | |
![]() P Punjab National Bank | 3.30% | |
![]() U Union Bank of India | 2.93% | |
![]() T Treps | 2.00% | |
![]() N Net Receivable / Payable | 1.81% |
Fund Comparison
Fund Details
52W High NAV
₹ 12.2852
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 199.01
Expense Ratio
0.33%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 10.0354
Inception Date
06 Feb 2025
Fund Age
1 Yrs
Benchmark
Nifty Bank TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 0.25%, if redeemed within 15 days.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Viral Chhadva | CFA Charter Holder from CFA Institute, USA, Master's in Financial Management (MFM) from Jamnalal Bajaj Institute of Management Studies (JBIMS) |
Fund Objective
The investment objective of the scheme is to provide returns that 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.
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
SBI Mutual Fund
No. of Schemes
79
Total AUM
₹ 8,98,745.09 Cr
Contact Details
9th Floor,Crescenzo, C-39&39,G Block, Bandra kurla complex,Bandra (east), Mumbai-400 051.
Contact Details
9th Floor,Crescenzo, C-39&39,G Block, Bandra kurla complex,Bandra (east), Mumbai-400 051.
FAQs
When was SBI Nifty Bank Index Fund launched?
What is the current NAV of SBI Nifty Bank Index Fund?
What is the AUM of SBI Nifty Bank Index Fund?
What is the rate of return of SBI Nifty Bank Index Fund?
- In the past 1Y: -4.34%
- In the past 3Y: 0.00%
- In the past 5Y: 0.00%
What is the expense ratio of SBI Nifty Bank Index Fund?
What is exit load of SBI Nifty Bank Index Fund?
What is the portfolio of SBI Nifty Bank Index Fund?
- HDFC Bank: 17.90%
- ICICI Bank: 13.60%
- Axis Bank: 10.26%
- Kotak Bank: 9.79%
- State Bank of India: 9.05%
Top 3 sectoral holdings include:
- Financial Services: 99.81%
- Others: 3.81%
How risky is investing in SBI Nifty Bank Index Fund?
Who is the fund manager SBI Nifty Bank Index Fund?
What is the minimum investment required in SBI Nifty Bank Index Fund?
How to invest in SBI Nifty Bank Index Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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