SBI Mutual Fund · Direct Growth · SEBI Category: Index/ETF
SBI Nifty Index Fund is backed by SBI Mutual Fund — India's largest bank-sponsored AMC with the institutional backing of the State Bank of India. The fund provides straightforward Nifty 50 index exposure with the credibility and trust associated with India's largest public sector bank. The fund mechanically replicates the Nifty 50 index with consistent tracking error.
The SBI brand provides a significant trust factor for conservative investors who prefer institutional backing. As one of the major index funds in India by AUM, SBI Nifty Index Fund benefits from economies of scale that help keep costs low. The fund's operational efficiency in index replication has been consistent over its history.
Raviprakash Sharma manages the SBI Nifty Index Fund as part of SBI MF's passive investment team. His role focuses on precise index replication — holding the 50 Nifty constituents in their correct proportions, managing dividend reinvestment efficiently and minimising the tracking error between the fund and the Nifty 50 TRI benchmark.
For current co-manager details and full biography, refer to the latest SBI Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| UTI Nifty 50 Index Fund | ₹163.95 | ₹26.0K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| Nippon India Index Fund Nifty 50 | ₹43.01 | ₹3.1K Cr Jan–Mar 2026 | -4.1% | +9.2% p.a. | +9.6% p.a. | 0.29 |
| SBI Nifty Index Fund ▲ | ₹217.88 | ₹11.6K Cr Jan–Mar 2026 | -4.2% | +9.1% p.a. | +9.5% p.a. | 0.26 |
| Kotak Nifty 50 Index Fund | ₹15.48 | ₹1.0K Cr Jan–Mar 2026 | -4.1% | +9.1% p.a. | — | 0.28 |
| Aditya Birla Sun Life Nifty 50 Index Fund | ₹243.31 | ₹1.2K Cr Jan–Mar 2026 | -4.2% | +9.2% p.a. | +9.5% p.a. | 0.29 |
Calculated from 2,574 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how SBI NIFTY INDEX FUND ranks against other Index/ETF funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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