SBI Nifty Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW)

SBI Nifty Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) is a fund scheme from SBI mutual fund. It falls under a Index category. After being launched on 2004-03-15. SBI Nifty Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) has achieved Rs 9838.77 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 500 and lumpsum of Rs 5000 to start the investment. The expense ratio of this fund is 0.48%.

• Investing Strategy:

  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.

• Performance:

  SBI Nifty Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) trailing returns over different times are 6.98% (1 year), 18.08% (3 year), 20.62% (5 year). The average annual return of this fund stands at 6.98%

• Fund Manager & Portfolio Allocation:

  Raviprakash Sharma, Pradeep Kesavan are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Financial Services, Technology, Energy, Consumer Cyclical, Consumer Defensive, Sectors. First five holdings of this fund are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd, Treps, Margin Amount For Derivative Positions, Net Receivable / Payable Companies.