September 14, 2024
mayank
SBI Nifty 500 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Nifty 500 Index Fund Open Date, Close Date?
NFO opens on September 17, 2024
NFO will close on September 24, 2024
What is the Investment Strategy?
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 | 17 September 2024 |
| Issue Close | 24 September 2024 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| 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 500 TRI |
What is the Benchmark Index of SBI Nifty 500 Index Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.21 | 22.16 | 40.24 | 21.46 | 11.26 |
| Total Return | 5.47 | 23.12 | 41.58 | 22.73 | 12.98 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.29 | 18.65 | 22.35 |
| Beta (NIFTY 50) | 1.04 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.96 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.19 | 4.6 | 1.05 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.41 |
| Reliance Industries Ltd. | 5.31 |
| ICICI Bank Ltd. | 4.50 |
| Infosys Ltd. | 3.65 |
| ITC Ltd. | 2.41 |
| Tata Consultancy Services Ltd. | 2.40 |
| Larsen & Toubro Ltd. | 2.25 |
| Bharti Airtel Ltd. | 2.21 |
| Axis Bank Ltd. | 1.74 |
| State Bank of India | 1.63 |
Performance Review of the Fund Manager of SBI Nifty 500 Index Fund?
1) Viral Chhadva
Education: Mr. Chhadva has done MFM (Finance) and CFA
Experience: Prior to joining SBI Mutual Fund, he has worked with India Infoline Ltd. and ICICI Securities
Past Performance of his Schemes
| Fund | SBI Nifty 50 Equal Weight ETF | It’s Benchmark | SBI Nifty50 Equal Weight Index Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 14-09-2024
Which Company Owns SBI Nifty 500 Index Fund?
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
Is it good to invest in SBI Nifty 500 Index NFO?
Guidance for SBI Nifty 500 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
SBI Nifty 500 Index Fund covers 92 per cent of India’s listed universe and includes all 21 sectors across large-cap, mid-cap and small-cap companies. But can buying a mutual fund scheme, which holds 500 stocks, add value for first-time investors? A diversified investment strategy across market capitalisations can ensure balance between risk and return over a long term for a first-time investors’ portfolio.
Motilal Oswal Nifty 500 Index Fund was the first scheme based on this theme and was launched five years ago. Axis Nifty 500 Index Fund was launched two months back. inancial Services has the highest weightage in the index at 27.60 per cent. It is followed by IT (information technology) (9.90 per cent), oil, gas and consumable fuels (8.75 per cent), automobile and auto components (7.46 per cent) and FMCG (fast moving consumer goods) (7.24 per cent).
Passive funds are generally more popular among ultra high net worth investors (HNIs) and family offices. But investing in such a scheme would be good for new investors too as with a broad-based index fund as drawdowns in such schemes may not be that sharp.
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