SBI Nifty Index Fund Direct
Scheme Type
Open-ended
Scheme Category
Index Funds
Benchmark Type
Nifty 50 Index
Scheme AUM (in Crs.)
₹ 316.82
Expense Ratio
0.29%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 264353
Min Subscription
₹ 5000
Min Addition Subscription
₹ 1000
Performance
Comparison
Portfolio
Details
Analysis
AMC Details
Launch Date
29 Jun 1987
Sponsor
NA
Email
partnerforlife@sbimf.com
Phone
022 - 61793000
Address
191"E", Maker Tower,Cuffe Parade, Mumbai - 400 005
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
Exit load of 0.20% if redeemed within 15 days
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
The scheme will adopt a passive investment strategy. The scheme will
invest in stocks comprising the Nifty 50 Index in the same proportion as in the
index with the objective of achieving returns equivalent to the Total Returns
Index of Nifty 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.
Suitability
This product is suitable for investors who are seeking
• Long term investmentPassive
• Investment in stocks comprising the CNX Nifty Index in the same proportion as in the index to achieve returns equivalent to the Total returns Index of S&P CNX Nifty Index.
SIP/Lump Sum Calculator
Enter Investment Amount
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Investment per month for 0.5 Years
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Portfolio Value
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Total Returns
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Mutual Funds investments are subject to market risks, read all scheme related documents carefully.