SBI Nifty Bank Index Fund Direct-Growth
Unrated
NAV as of Sep 05, 2025
10.810.07%
- Growth - Direct
(Earn upto 0.50% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.20%(0.60% Category
average)Fund Size:
Rs. 120.74 Cr(0.23% of Investment in Category)
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SBI Nifty Bank Index Fund Direct-Growth
Unrated
NAV as of Sep 05, 2025
10.810.07%
Expense Ratio:
0.20%
Fund Size:
Rs. 120.74 Cr
Fund Category:
Equity: Sectoral-Banking
SBI Nifty Bank Index Fund Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the SBI Nifty Bank Index Fund - Direct Plan as of Sep 05, 2025 is Rs 10.81 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.13% (since launch). Whereas, Category returns for the same time duration are: 4.42% (1yr), 14.22% (3yr) and 20.88% (5yr).
3. Fund Size: The SBI Nifty Bank Index Fund - Direct Plan currently holds Assets under Management worth of Rs 120.74 crore as on Jul 31, 2025.
4. Expense ratio: The expense ratio of the fund is 0.2% for Direct plan as on Sep 04, 2025.
5. Exit Load: SBI Nifty Bank Index Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 15 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the SBI Nifty Bank Index Fund - Direct Plan as of Sep 05, 2025 is Rs 10.81 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.13% (since launch). Whereas, Category returns for the same time duration are: 4.42% (1yr), 14.22% (3yr) and 20.88% (5yr).
3. Fund Size: The SBI Nifty Bank Index Fund - Direct Plan currently holds Assets under Management worth of Rs 120.74 crore as on Jul 31, 2025.
4. Expense ratio: The expense ratio of the fund is 0.2% for Direct plan as on Sep 04, 2025.
5. Exit Load: SBI Nifty Bank Index Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 15 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
SBI Nifty Bank Index Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -2.05 -2.41 12.33 - - - Category Avg -1.28 -2.04 13.76 4.42 14.22 20.88 Rank within Category 36 30 30 - - - No. of funds within Category 66 64 61 55 32 23 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Bank Total Return Index
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SBI Nifty Bank Index Fund Direct-Growth Fund Details
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 House | SBI Mutual Fund |
| Launch Date | Feb 06, 2025 |
| Benchmark | NIFTY Bank Total Return Index |
| Return Since Launch | 8.13% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
SBI Nifty Bank Index Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load Exit load of 0.25%, if redeemed within 15 days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| JUL 2025 | JUN 2025 | MAY 2025 | APR 2025 | MAR 2025 | FEB 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 12 | 12 | 12 | 12 | 12 | 12 |
| Top 5 Company Holdings | 79.51% | 78.55% | 77.25% | 77.98% | 79.12% | 79.79% |
| Top 10 Company Holdings | 94.93% | 94.65% | 94.43% | 95.22% | 95.2% | 95.78% |
| Company with Highest Exposure | HDFC Bank (29.01%) | HDFC Bank (28.05%) | HDFC Bank (27.83%) | HDFC Bank (27.95%) | HDFC Bank (28.28%) | HDFC Bank (28.92%) |
| Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
| Top 3 Sector Holdings | 99.72% | 99.59% | 100.03% | 100.31% | 100.04% | 100.07% |
| Top 5 Sector Holdings | 99.72% | 99.59% | 100.03% | 100.31% | 100.04% | 100.07% |
| Sector with Highest Exposure | Financial (99.72%) | Financial (99.59%) | Financial (100.03%) | Financial (100.31%) | Financial (100.04%) | Financial (100.07%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 29.01 21.02 45.97 17.71 ICICI Bank Financial 26.4 18.92 74.12 16.11 State Bank of India Financial 8.64 9.40 86.06 3.08 Kotak Mahindra Bank Financial 7.81 20.25 96.31 10.28 Axis Bank Financial 7.65 11.75 89.84 -8.88 Indusind Bank Financial 3.48 57.98 12.95 -46.28 The Federal Bank Financial 3.28 11.57 16.48 3.85 IDFC First Bank Financial 3.0 40.75 1.77 -1.44 Bank of Baroda Financial 2.91 6.24 37.63 -0.67 AU Small Finance Bank Financial 2.75 23.87 29.31 -1.24
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y SBI Nifty Bank Index Fund Direct-Growth 10.81 Unrated 120.74 -2.05 - - - Nippon India Banking & Financial Services Fund Direct-Growth 664.38 7,222.06 -1.32 4.60 17.45 25.26 SBI Banking & Financial Services Fund Direct-Growth 46.66 8,450.07 -0.50 10.52 18.75 22.28 HDFC Banking & Financial Services Fund Direct - Growth 17.46 4,186.79 -1.61 4.24 16.53 - Sundaram Financial Services Opportunities Fund Direct-Growth 111.03 1,547.92 -2.77 -1.05 17.95 22.92
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
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Fund Manager
- H.S.Harsh SethiSince Jan 20255 schemes
Mr. Sethi is a B. Com (Hons.), CA, CS Prior to joining SBI Mutual Fund, he has worked with J. P. Mangal & Co. as Senior Assistant. Harsh Sethi is the Equity Dealer since February 2017.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Nifty IT Index Fund Direct-Growth Sectoral-Technology 8.62 Unrated 49.13 - SBI Nifty India Consumption Index Fund Direct-Growth Thematic-Consumption 10.78 Unrated 322.43 - SBI Silver ETF FoF Direct-Growth Silver 13.24 Unrated 483.07 46.07 SBI Nifty Smallcap 250 Index Fund Direct - Growth Small Cap 18.44 Unrated 1,495.47 -8.56 SBI Nifty Midcap 150 Index Fund Direct - Growth Mid Cap 18.41 Unrated 890.91 -3.56
More SBI Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| SBI Equity Hybrid Fund Direct Plan-Growth | 77,793.99 | -0.26 | 0.26 | 11.99 | 6.42 | 14.00 | |
| SBI Liquid Fund Direct Plan-Growth | 63,824.39 | 0.47 | 1.46 | 3.31 | 6.92 | 7.03 | |
| SBI Large Cap Direct Plan-Growth | 53,030.39 | 0.32 | 0.73 | 12.31 | 0.72 | 14.40 | |
| SBI Contra Direct Plan-Growth | 46,947.01 | 0.67 | 0.26 | 10.11 | -4.14 | 20.85 | |
| SBI Arbitrage Opportunities Fund Direct-Growth | 39,824.16 | 0.41 | 1.64 | 3.63 | 7.33 | 7.73 | |
| SBI Savings Fund Direct-Growth | 38,450.02 | 0.43 | 1.57 | 4.18 | 7.95 | 7.57 | |
| SBI Focused Fund Direct Plan-Growth | 37,936.17 | 2.29 | 2.62 | 14.64 | 7.35 | 16.24 | |
| SBI Balanced Advantage Fund Direct - Growth | 36,558.31 | 0.14 | -0.19 | 7.23 | 3.40 | 14.09 | |
| SBI Small Cap Fund Direct-Growth | 35,562.96 | 1.34 | 2.14 | 15.87 | -5.95 | 15.86 | |
| SBI Large & Midcap Fund Direct Plan-Growth | 33,348.17 | 0.60 | 2.88 | 13.71 | 1.75 | 17.92 |
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About SBI Nifty Bank Index Fund Direct-Growth
1. SBI Nifty Bank Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Feb 06, 2025.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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 "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.72% in equities, 0.0% in debts and 0.28% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 94.93% of the assets, the top 3 sectors constitute around 99.72% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on SBI Nifty Bank Index Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. SBI Nifty Bank Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Feb 06, 2025.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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 "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.72% in equities, 0.0% in debts and 0.28% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 94.93% of the assets, the top 3 sectors constitute around 99.72% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on SBI Nifty Bank Index Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about SBI Nifty Bank Index Fund Direct-Growth
- Is it safe to invest in SBI Nifty Bank Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the SBI Nifty Bank Index Fund - Direct Plan comes under Very High risk category.
- What is the category of SBI Nifty Bank Index Fund - Direct Plan?SBI Nifty Bank Index Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in SBI Nifty Bank Index Fund - Direct Plan?The suggested investment horizon of investing into SBI Nifty Bank Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the SBI Nifty Bank Index Fund - Direct Plan?The SBI Nifty Bank Index Fund - Direct Plan is managed by Harsh Sethi (Since Jan 20, 2025).
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