November 10, 2022
mayank
SBI Nifty Next 50 Index Fund
NAV Growth: Rs 11.8001
NAV IDCW: Rs 11.7999
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Fund Manager:
1) Raviprakash Sharma
Education: Mr. Sharma is a B.Com (H), Chartered Accountant and CFA (USA).
Experience: Prior to joining SBI AMC he has worked with HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 19-May-21 |
| Return Since Launch | 11.86% |
| Benchmark | NIFTY Next 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 467 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.33% |
| (As on 31-Mar-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
SBI Nifty Next 50 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Nifty Next 50 Index Dir | 2.97 | -0.2 | 1.32 | 3.13 | 9.46 | -0.63 | — | — | — | — |
| S&P BSE 100 TRI | 6.72 | -0.25 | 4.48 | 3.99 | 12.33 | 2.54 | — | — | — | — |
| Equity: Large Cap | 4.75 | -0.29 | 3.8 | 4.07 | 12.18 | 0.73 | — | — | — | — |
| Rank within category | 58 | 13 | 91 | 76 | 81 | 57 | — | — | — | — |
| Number of funds in category | 79 | 95 | 95 | 90 | 88 | 78 | 60 | 51 | 48 | 0 |
SBI Nifty Next 50 Index Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| SBI Nifty Next 50 Index Dir | Unrated | -0.63 | — | — | 0.33 | 467 | 11.86 | 0.50 (30) | 1yrs 5mo | — |
| Axis Bluechip Dir | 5 star | -6.52 | 13.39 | 14.08 | 0.55 | 36,871 | 15.28 | 1.00 (365) | 9yrs 10mo | 45.00 |
| ICICI Pru Bluechip Dir | 5 star | 3.3 | 17.53 | 12.64 | 1.07 | 34,823 | 15.17 | 1.00 (365) | 9yrs 10mo | 28.00 |
| Mirae Asset Large Cap Dir | 4 star | -0.57 | 15.99 | 12.56 | 0.5 | 32,981 | 16.88 | 1.00 (365) | 9yrs 10mo | 22.00 |
| UTI Mastershare Dir | 4 star | -3.12 | 17.19 | 12.74 | 1 | 10,878 | 13.92 | 1.00 (365) | 9yrs 10mo | 25.00 |
Portfolio Analysis
| No. of Stocks | 50 |
| Top 10 Stocks | 32.32% |
| Top 5 Stocks | 16.95% |
| Top 3 Sectors | 40.28% |
| Portfolio P/B Ratio | 5.41 |
| Portfolio P/E Ratio | 33.85 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 83,354 | 2,71,356 |
| Giant (%) | 11.71 | 62.99 |
| Large (%) | 73.33 | 29.35 |
| Mid (%) | 14.96 | 9.83 |
| Small (%) | — | 1.99 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For SBI Nifty Next 50 Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
Stock Research Reports:
https://www.analysislibrary.com/
NFO Guidance:
https://sahifund.com/category/nfos/
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