SBI Nifty Index Fund
Large Cap IndexVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹205.92+0.33%1 day
- Return since launch
- 13.2%
- 52-week range
- ₹197.54 — ₹232.88
- AUM
- ₹13,928 Cr
SBI Nifty Index Fund is a Large Cap Index equity fund from SBI Mutual Fund with ₹13,928 Cr under management, launched in 2001. Over three years it has returned -0.4% a year, against 9.5% for its category. The expense ratio is 0.44% and the SEBI riskometer reading is Very High.
Performance
SBI Nifty Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.6% against -5.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -10.3% | −8.5 pts | -1.8% | -9.3% |
| 2Y | -4.4% | −2.7 pts | -1.8% | -4.0% |
| 3Y | -0.4% | −9.9 pts | 9.5% | -0.2% |
| 5Y | 5.1% | −2.7 pts | 7.8% | 5.3% |
| 7Y | 8.9% | −0.7 pts | 9.6% | 8.9% |
| 10Y | 9.9% | −0.9 pts | 10.8% | 9.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.4% | −0.1 pts | -4.3% | -3.9% |
| 3M | -3.1% | −1.1 pts | -2.0% | -2.4% |
| 6M | 2.0% | −3.7 pts | 5.7% | 3.3% |
| 1Y | -5.6% | −3.8 pts | -1.8% | -5.2% |
| 2Y | -5.4% | −0.2 pts | -5.2% | -5.4% |
| 3Y | 6.3% | −3.2 pts | 9.5% | 6.3% |
| 5Y | 6.0% | −1.8 pts | 7.8% | 5.9% |
| 7Y | 10.9% | +1.2 pts | 9.7% | 10.6% |
| 10Y | 10.8% | −0.1 pts | 10.8% | 10.6% |
Since launch (18 Dec 2001): 13.2%
Calendar-year returns
Category average14.6%
24.7%
5.1%
20.6%
9.5%
11.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 11.3% | +2.7 pts | 8.6% |
| 2024 | 9.5% | −4.9 pts | 14.4% |
| 2023 | 20.6% | −4.2 pts | 24.8% |
| 2022 | 5.1% | +1.0 pts | 4.1% |
| 2021 | 24.7% | −2.2 pts | 26.9% |
| 2020 | 14.6% | −1.8 pts | 16.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.43%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.33%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.25% if redeemed within 30 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 50 Total Return
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -1.78 | 6.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.28 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.25 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.32 | 0.86 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.60 | 19.95 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Nifty Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.0%
Market cap split
- Large98.7%
- Mid1.3%
- P/E
- 20.10
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 9.85% | ₹1,372 Cr | +10.53% | +11.83% | +13.09% |
| ICICI Bank Ltd. | Financial | 9.45% | ₹1,317 Cr | +8.30% | +8.58% | +8.99% |
| Reliance Industries Ltd. | Energy | 7.83% | ₹1,091 Cr | +8.25% | +8.20% | +8.29% |
| Bharti Airtel Ltd. | Communication | 5.00% | ₹696 Cr | +5.19% | +4.56% | +4.64% |
| Larsen & Toubro Ltd. | Construction | 4.30% | ₹598 Cr | +4.42% | +4.38% | +3.81% |
| State Bank of India | Financial | 3.98% | ₹554 Cr | +3.70% | +4.34% | +2.78% |
| Infosys Ltd. | Technology | 3.61% | ₹503 Cr | +3.76% | +3.97% | +4.78% |
| Axis Bank Ltd. | Financial | 3.39% | ₹472 Cr | +3.41% | +3.45% | +2.70% |
| Kotak Mahindra Bank Ltd. | Financial | 2.80% | ₹390 Cr | +2.61% | +2.66% | +2.60% |
| Mahindra & Mahindra Ltd. | Automobile | 2.66% | ₹370 Cr | +2.52% | +2.64% | +2.55% |
| Bajaj Finance Ltd. | Financial | 2.57% | ₹358 Cr | +2.25% | +2.30% | +2.10% |
| ITC Ltd. | Consumer Staples | 2.24% | ₹311 Cr | +2.56% | +2.63% | +3.44% |
| Tata Consultancy Services Ltd. | Technology | 2.22% | ₹310 Cr | +2.13% | +2.35% | +2.84% |
| Eternal Ltd. | Services | 2.15% | ₹300 Cr | +1.67% | +1.54% | +1.97% |
| Titan Company Ltd. | Consumer Discretionary | 1.91% | ₹266 Cr | +1.55% | +1.56% | +1.35% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.91% | ₹266 Cr | +1.76% | +1.60% | +1.55% |
| Maruti Suzuki India Ltd. | Automobile | 1.60% | ₹223 Cr | +1.59% | +1.70% | +1.75% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.58% | ₹221 Cr | +1.77% | +1.81% | +2.13% |
| Shriram Finance Ltd | Financial | 1.41% | ₹196 Cr | +1.23% | +1.32% | +0.73% |
| NTPC Ltd. | Energy | 1.41% | ₹196 Cr | +1.70% | +1.58% | +1.40% |
| Tata Steel Ltd. | Metals & Mining | 1.38% | ₹193 Cr | +1.59% | +1.53% | +1.15% |
| Bharat Electronics Ltd. | Capital Goods | 1.35% | ₹188 Cr | +1.36% | +1.39% | +1.19% |
| Hindalco Industries Ltd. | Metals & Mining | 1.33% | ₹186 Cr | +1.51% | +1.17% | +0.92% |
| HCL Technologies Ltd. | Technology | 1.26% | ₹175 Cr | +1.15% | +1.28% | +1.39% |
| Ultratech Cement Ltd. | Materials | 1.23% | ₹171 Cr | +1.26% | +1.31% | +1.35% |
| Bajaj Auto Ltd. | Automobile | 1.22% | ₹170 Cr | +1.07% | +0.96% | +0.86% |
| Grasim Industries Ltd. | Materials | 1.15% | ₹161 Cr | +1.10% | +0.93% | +0.96% |
| JSW Steel Ltd. | Metals & Mining | 1.11% | ₹155 Cr | +1.11% | +1.03% | +0.88% |
| Asian Paints Ltd. | Materials | 1.09% | ₹152 Cr | +1.12% | +0.94% | +1.03% |
| Power Grid Corporation Of India Ltd. | Energy | 1.08% | ₹151 Cr | +1.22% | +1.18% | +1.13% |
| Interglobe Aviation Ltd. | Services | 1.08% | ₹150 Cr | +0.92% | +0.95% | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.07% | ₹149 Cr | +1.23% | +0.98% | +0.87% |
| Bajaj Finserv Ltd. | Financial | 1.06% | ₹148 Cr | +0.95% | +0.99% | +0.94% |
| Eicher Motors Ltd. | Automobile | 0.99% | ₹139 Cr | +0.91% | +0.96% | +0.76% |
| Nestle India Ltd. | Consumer Staples | 0.97% | ₹136 Cr | +0.94% | +0.81% | +0.75% |
| Tech Mahindra Ltd. | Technology | 0.94% | ₹131 Cr | +0.87% | +0.75% | +0.85% |
| Coal India Ltd. | Materials | 0.87% | ₹122 Cr | +0.96% | +0.85% | +0.77% |
| Trent Ltd. | Services | 0.87% | ₹121 Cr | +0.87% | +0.75% | +1.06% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.83% | ₹116 Cr | +0.78% | +0.70% | +0.69% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.82% | ₹114 Cr | +0.95% | +0.95% | +0.82% |
| Adani Enterprises Ltd. | Services | 0.75% | ₹104 Cr | +0.78% | +0.49% | +0.53% |
| Cipla Ltd. | Healthcare | 0.72% | ₹100 Cr | +0.73% | +0.66% | +0.81% |
| JIO Financial Services Ltd. | Financial | 0.72% | ₹100 Cr | +0.72% | +0.73% | +0.92% |
| SBI Life Insurance Company Ltd. | Insurance | 0.71% | ₹98.86 Cr | +0.76% | +0.80% | +0.73% |
| Max Healthcare Institute Ltd. | Healthcare | 0.70% | ₹98.04 Cr | +0.66% | +0.71% | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.64% | ₹88.96 Cr | +0.73% | +0.68% | +0.69% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.61% | ₹85.41 Cr | +0.71% | +0.65% | +0.63% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.59% | ₹81.60 Cr | +0.76% | +0.70% | +1.26% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.53% | ₹73.89 Cr | +0.59% | +0.67% | +0.75% |
| Wipro Ltd. | Technology | 0.45% | ₹63.16 Cr | +0.54% | +0.50% | +0.64% |
| Nifty 50 | Financial | 0.02% | ₹3.47 Cr | +0.23% | +0.05% | +0.13% |
| Others | Others | -0.04% | ₹-5.76 Cr | +0.09% | +0.06% | +0.07% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 10.23% | 9.85% | -0.38% |
| Nifty 50 | 0.40% | 0.02% | -0.37% |
| Bharti Airtel Ltd. | 5.35% | 5.00% | -0.35% |
| ICICI Bank Ltd. | 9.18% | 9.45% | +0.27% |
| Kotak Mahindra Bank Ltd. | 2.56% | 2.80% | +0.24% |
| Axis Bank Ltd. | 3.15% | 3.39% | +0.24% |
| Eternal Ltd. | 1.95% | 2.15% | +0.20% |
| Larsen & Toubro Ltd. | 4.11% | 4.30% | +0.19% |
| State Bank of India | 3.79% | 3.98% | +0.19% |
| ITC Ltd. | 2.42% | 2.24% | -0.18% |
| Bajaj Finance Ltd. | 2.73% | 2.57% | -0.16% |
| Grasim Industries Ltd. | 1.04% | 1.15% | +0.11% |
| Titan Company Ltd. | 1.80% | 1.91% | +0.11% |
| Bharat Electronics Ltd. | 1.24% | 1.35% | +0.11% |
| Shriram Finance Ltd | 1.31% | 1.41% | +0.10% |
| Bajaj Auto Ltd. | 1.14% | 1.22% | +0.08% |
| Hindustan Unilever Ltd. | 1.66% | 1.58% | -0.08% |
| Hindalco Industries Ltd. | 1.26% | 1.33% | +0.07% |
| Infosys Ltd. | 3.54% | 3.61% | +0.07% |
| Power Grid Corporation Of India Ltd. | 1.15% | 1.08% | -0.07% |
| Tata Consultancy Services Ltd. | 2.16% | 2.22% | +0.06% |
| NTPC Ltd. | 1.47% | 1.41% | -0.06% |
| Reliance Industries Ltd. | 7.89% | 7.83% | -0.06% |
| Others | 0.06% | 0.00% | -0.06% |
| Maruti Suzuki India Ltd. | 1.66% | 1.60% | -0.06% |
| Adani Ports and Special Economic Zone Ltd. | 1.12% | 1.07% | -0.05% |
| JSW Steel Ltd. | 1.06% | 1.11% | +0.05% |
| Mahindra & Mahindra Ltd. | 2.71% | 2.66% | -0.05% |
| Tata Motors Passenger Vehicles Ltd. | 0.63% | 0.59% | -0.04% |
| SBI Life Insurance Company Ltd. | 0.75% | 0.71% | -0.04% |
| Interglobe Aviation Ltd. | 1.04% | 1.08% | +0.04% |
| Eicher Motors Ltd. | 0.96% | 0.99% | +0.03% |
| JIO Financial Services Ltd. | 0.75% | 0.72% | -0.03% |
| Adani Enterprises Ltd. | 0.78% | 0.75% | -0.03% |
| Ultratech Cement Ltd. | 1.26% | 1.23% | -0.03% |
| Sun Pharmaceutical Industries Ltd. | 1.88% | 1.91% | +0.03% |
| Max Healthcare Institute Ltd. | 0.73% | 0.70% | -0.03% |
| Oil And Natural Gas Corporation Ltd. | 0.84% | 0.82% | -0.02% |
| Asian Paints Ltd. | 1.11% | 1.09% | -0.02% |
| Cipla Ltd. | 0.74% | 0.72% | -0.02% |
| Trent Ltd. | 0.89% | 0.87% | -0.02% |
| Dr. Reddy's Laboratories Ltd. | 0.62% | 0.64% | +0.02% |
| Tata Steel Ltd. | 1.40% | 1.38% | -0.02% |
| Tata Consumer Products Ltd. | 0.63% | 0.61% | -0.02% |
| Coal India Ltd. | 0.89% | 0.87% | -0.02% |
| HCL Technologies Ltd. | 1.27% | 1.26% | -0.01% |
| Wipro Ltd. | 0.44% | 0.45% | +0.01% |
| Bajaj Finserv Ltd. | 1.05% | 1.06% | +0.01% |
| Apollo Hospitals Enterprise Ltd. | 0.82% | 0.83% | +0.01% |
| Nestle India Ltd. | 0.97% | 0.97% | 0.00% |
| Tech Mahindra Ltd. | 0.94% | 0.94% | 0.00% |
| HDFC Life Insurance Co Ltd. | 0.53% | 0.53% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,691 Cr | 0.72% | 6.8% | 7.6% | 12.8% |
 UTI Nifty Next 50 Index Fund | ₹7,547 Cr | 0.87% | 6.8% | 7.6% | 12.7% |
| SBI Nifty Next 50 Index Fund | ₹2,366 Cr | 0.76% | 6.8% | 7.6% | 12.7% |
 DSP Nifty Next 50 Index Fund | ₹1,407 Cr | 1.01% | 6.6% | 7.5% | 12.7% |
 Kotak Nifty Next 50 Index Fund | ₹1,295 Cr | 0.64% | 6.9% | 7.7% | 12.8% |
 Nippon India Nifty Next 50 Junior BeES FoF | ₹840 Cr | 0.30% | 6.8% | 7.8% | 13.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme is a passively managed index fund, which would invest in all the stocks comprising Nifty 50 Index in the same proportion as their weightage in the index.
Fund managers
- Viral ChhadvaMr. Chhadva has done MFM (Finance) and CFAPrior to joining SBI Mutual Fund, he has worked with India Infoline Ltd. and ICICI Securities
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.01% absolute | ₹60,000 | ₹61,206 | 2.01% | |
| 1 year−5.56% annualised | ₹1,20,000 | ₹1,16,447 | −2.96% | |
| 3 years6.28% annualised | ₹3,60,000 | ₹3,97,080 | 10.30% | |
| 5 years6.01% annualised | ₹6,00,000 | ₹7,01,375 | 16.90% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Nifty Index Fund?
The NAV of SBI Nifty Index Fund is ₹205.92 as on 25 Sep 2026.
What is the expense ratio of SBI Nifty Index Fund?
The expense ratio of SBI Nifty Index Fund is 0.44% per year.
What is the minimum SIP amount for SBI Nifty Index Fund?
You can start a SIP in SBI Nifty Index Fund with ₹3,000 a month.
What returns has SBI Nifty Index Fund given?
SBI Nifty Index Fund has returned -10.3% over 1 year, -0.4% over 3 years and 5.1% over 5 years (annualised).
Is there a lock-in or exit load on SBI Nifty Index Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 30 days.
How risky is SBI Nifty Index Fund?
SBI Nifty Index Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap Index category.
Which fund house manages SBI Nifty Index Fund?
SBI Nifty Index Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.