SBI Nifty Bank Index Fund
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
Growthvine rating: 3/5 — ranked #63 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹11.52 (as of 2026-08-21) |
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| AUM | ₹197 Cr |
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| Expense ratio | 0.56% |
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| Riskometer | Very High |
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| Fund manager | Viral Chhadva |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -18.36% |
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| Alpha | 0 |
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| Beta | 0 |
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Market cap allocation
| Large cap | 74.5% |
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| Mid cap | 25.5% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 61.1% |
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| Top 10 holdings | 86.8% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 18.1%
- ICICI Bank Ltd. — 14.8%
- State Bank Of India — 10.1%
- Kotak Mahindra Bank Ltd. — 9.3%
- AXIS Bank Ltd. — 8.8%
- Federal Bank Ltd. — 7.3%
- IndusInd Bank Ltd. — 5.5%
- AU Small Finance Bank Limited — 4.7%
- IDFC FIRST BANK LIMITED — 4.7%
- Bank Of Baroda — 3.6%
Top sectors
- Banking & Financial — 99.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -2.8% | — | — |