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 scheme launched by SBI Mutual Fund on March 15, 2004, and falls under the Index fund category. It currently manages an AUM of Rs 10,048.05 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.48% for managing the portfolio.

• 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 -0.39% (1 year), 12.62% (3 year) and 17.54% (5 year). The average annual return of this fund stands at 6.38%.