SBI Nifty 500 Index Fund Review – SBI Nifty 500 Index Fund Review Direct NFO Open on 17 September 2024 and Close on 24 September 2024. SBI Nifty 500 Index Fund Direct NFO Allotment Date is 30 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is 500.
Type of the Scheme
An open-ended scheme replicating/ tracking Nifty 500 Index.
Scheme Benchmark : The scheme would be benchmarked to Nifty 500 TRI Index The same has been chosen as benchmark of this Scheme. The Scheme will primarily invests in securities which are constituents of Nifty 500 index. Thus, the composition of the aforesaid benchmark is such that it is most suited for comparing performance of the Scheme. The
Trustee reserve the right to change the benchmark if due to a change in market conditions, a different index /indices appears to provide a more appropriate basis for comparison of fund performance.
SBI Nifty 500 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| 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 |
SBI Nifty 500 Index Fund Important Date
| Scheme Offer | SBI Nifty 500 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 17 Sep 2024 |
| Close Date | 24 Sep 2024 |
| Allotment Date | 30 Sep 2024 |
| Category | Others - Index Fund |
| Min Inv ₹ | 5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI Index |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
SBI Nifty 500 Index Fund Other Details
| Exit Load | 0.25% |
|---|---|
| Exit Load Details | Exit load of 0.25%, if redeemed within 15 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 500 |
SBI Nifty 500 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities covered by Nifty 500 Index | 95% | 100% |
| Government. Securities* including Triparty Repo, and units of liquid mutual fund | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Viral Chhadva
Qualification : CFA Charter Holder from CFA Institute, USA, Master’s in Financial anagement (MFM) from amnalal Bajaj nstitute of anagement studies (JBIMS).
Experience : Mr. Viral Chhadva (Equity Dealer) joined SBIFML in December 2020. He has over 17 years of experience in financial services sector. Prior to joining SBIFML, he was previously associated with IIFL Securities Limited ( June 2008 till December 2020) and ICICI Securities Limited (June 2006 till June 2008) wherein he primarily handled execution of trades into Direct Market Access, Exchange Traded Funds and Derivatives. He is also managing SBI Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF.
SBI Nifty 500 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 27.60 |
| Information Technology | 9.90 |
| Oil, Gas & Consumable Fuels | 8.75 |
| Automobile and Auto Components | 7.46 |
| Fast Moving Consumer Goods | 7.24 |
| Healthcare | 5.96 |
| Capital Goods | 5.63 |
| Power | 3.71 |
| Consumer Services | 3.50 |
| Metals & Mining | 3.35 |
| Consumer Durables | 3.15 |
| Construction | 2.94 |
| Telecommunication | 2.92 |
| Chemicals | 2.13 |
| Construction Materials | 1.97 |
| Services | 1.76 |
| Realty | 1.27 |
| Textiles | 0.29 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.16 |
| Forest Materials | 0.08 |
SBI Nifty 500 Index Fund Index Return
| Index Return | 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 |
Where Will the Scheme Invest ?
- Certificate of Deposits (CDs) is a negotiable money market instrument issued by scheduled commercial banks and select all- India Financial Institutions that have been permitted by the RBI to raise short term resources.
- Commercial Paper (CPs) is an unsecured negotiable money market instrument issued in the form of a promissory note, generally issued by the corporates, primary dealers and all India Financial Institutions as an alternative source of short term borrowings.
- Treasury Bills (T-Bills) are issued by the Government of India to meet their short term borrowing requirements. T-Bills are issued for maturities of 91 days, and 364 days. T-bills are issued at a discount to their face value and redeemed at par.
- Triparty Repo.
- Central Government Securities are sovereign debt obligations of the Government of India with zero-risk of default and issued on its behalf by RBI.
- Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell and purchase the same security with an agreement to purchase or sell the same security at a mutually decided future date and price. The transaction results in collateralized borrowing or lending of funds. When the seller sells the security with an agreement to repurchase it, it is Repo transaction whereas from the perspective of buyer who buys the security with an agreement to sell it at a later date, it is reverse repo transaction. The scheme can participate in Repo/Reverse Repo in G-Secs and T-Bills.
Also Read: Nippon India Nifty 500 Momentum 50 Index Fund
SBI Nifty 500 Index Fund Registrar
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