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Did you know you can participate in
the banking sector’s performance
without the need for actively managing individual stock picks?

SBI Nifty Bank Index Fund is a passively managed fund designed to track the performance of the Nifty Bank Index, which comprises the 12 most liquid and large-cap banking stocks listed on the National Stock Exchange of India (NSE).

Why invest in SBI Nifty Bank Index Fund ?

Harness India's Financial Growth
Ride the wave of India's expanding economy, powered by a robust banking sector driving credit growth and digital inclusion.
Convenience
Will also allow non-demat account holders to seek exposure to Banking sector.
Focused Exposure to
Market Leaders
Gain access to 12 largest banks* that reflect the backbone of India's financial ecosystem, providing stable and reliable growth

Low-capital Requirement
For a minimum investment amount of INR 5000, get opportunity to invest in biggest banks of the country
Attractive Valuations
Nifty Bank Index is currently trading near long-term averages, offering a promising entry point
Low-Cost Investment Approach
Enjoy the benefits of index investing with minimal expenses, aims to maximizing your long-term returns.

About SBI Nifty Bank Index Fund

SBI Nifty Bank Index Fund is an open-ended scheme replicating/tracking Nifty Bank Index.

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

Benefits of Investing in an Index Fund

Index Tracking

Constructed to track a specific index.

Open-Ended Structure

Offers the flexibility of an open-ended mutual fund.

Diversification

Provides broad market exposure through a single unit.

Cost Efficiency

Generally, has a lower expense ratio compared to actively managed funds.

Performance Alignment

Tracks the performance of the underlying benchmark index (subject to expense ratio & tracking error).

Transparency

Offers transparency by replicating the index composition

Investment Strategy

Stock Selection

Bank Sector : Must be from the Banking sector
Companies to be part of F&O Segment.
Trading & Listing : 90% trading frequency, listed for at least 1 month.
Selection : 12 companies chosen based on free-float market cap

Reconstitution and Rebalancing

Re-balancing : Semi-annual (Jan 31 & July 31)

Universe & Eligibility

Companies must be part of the Nifty 500 Index. If less than 10 eligible stocks are found in the Nifty 500 for a sector, stocks ranked within the top 800 will be considered

Stock Weights

Weightage of stock is based on Free Float Market Cap.
Single Stock weight capped at 33%.
Top 3 Stocks Cumulative weight of top 3 Stocks restricted to 62%.

Fund Facts

Scheme Name

SBI Nifty Bank Index Fund

Type of Scheme

An open-ended scheme replicating/ tracking Nifty Bank Index.

Investment Objective

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

Plans & Options

Regular & Direct Plan; Both plans provide two options - Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option for “IDCW Re-investment” and “IDCW Pay-out” is available

Application Amount

Minimum Investment Amount : ₹ 5000/- and in multiples of ₹ 1 thereafter.
Additional Purchase Amount: ₹ 1000/- and in multiples of ₹ 1 thereafter.
Minimum Monthly SIP Amount: Rs 500/- and in multiples of ₹ 1 thereafter.

Fund Manager

Mr. Harsh Sethi

Benchmark

Nifty Bank TRI

Exit Load

For exit on or before 15 days from the date of allotment: 0.25%,
For exit after 15 days from the date of allotment: Nil

NFO Open Date

January 20, 2025

NFO Close Date

January 31, 2025

Allotment Date

February 06, 2025

Downloads

Editable Application Form

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