January 16, 2025
mayank
SBI Nifty Bank Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Nifty Bank Index Fund Open Date, Close Date?
NFO opens on January 20, 2025
NFO will close on January 31, 2025
Investment Strategy for this NFO?
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
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 20 January 2025 |
| Issue Close | 31 January 2025 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY Bank TRI |
About Benchmark Index for this NFO?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Bank Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 12 |
| Launch Date | September 15, 2003 |
| Base Date | January 01, 2000 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of SBI Nifty Bank Index Fund
1) Harsh Sethi
Education: Mr. Sethi is a B. Com (Hons.), CA, CS
Experience: 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.
AMC
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for SBI Nifty Bank Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY Bank TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -3.90 | 5.32 | 5.32 | 9.60 | 17.01 |
| Total Return | -3.90 | 6.26 | 6.26 | 10.24 | 18.53 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.39 | 25.71 | 28.60 |
| Beta (NIFTY 50) | 1.07 | 1.21 | 1.09 |
| Correlation (NIFTY 50) | 0.86 | 0.89 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 13.68 | 2.24 | 0.98 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 28.11 |
| ICICI Bank Ltd. | 24.98 |
| Kotak Mahindra Bank Ltd. | 8.80 |
| Axis Bank Ltd. | 8.54 |
| State Bank of India | 8.45 |
| IndusInd Bank Ltd. | 4.51 |
| Federal Bank Ltd. | 3.48 |
| Federal Bank Ltd. | 3.19 |
| IDFC First Bank Ltd. | 2.78 |
| Punjab National Bank | 2.52 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Harsh Sethi
| Fund | SBI Nifty Private Bank ETF | It’s Benchmark | SBI Nifty Consumption ETF | It’s Benchmark |
| 1 Year | -3.09 | 2.91 | 14.57 | 8.94 |
| 3 Year | 7.72 | 9.00 | 15.93 | 12.08 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-1-2025
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in SBI Nifty Bank Index Fund NFO?
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