SBI Nifty Next 50 Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW)

SBI Nifty Next 50 Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) is a scheme launched by SBI Mutual Fund on May 19, 2021, and falls under the Index fund category. It currently manages an AUM of Rs 1,758.81 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 0.78% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

• Performance:

  SBI Nifty Next 50 Index Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) trailing returns over different times are -9.49% (1 year), 15.03% (3 year) and 0% (5 year). The average annual return of this fund stands at 0.16%.