The scheme is a passively managed index fund, which would invest in all the stocks comprising Nifty 50 Index in the same proportion as their weightage in the index.
The scheme aims to provide medium to long term capital gains, by investing in equity shares of only those companies comprised in the Nifty 50 Index and in the same proportion as that of the index, regardless of their investment merit.
Fund Manager
Pradeep Kesavan, Viral Chhadva
Rakesh Prajapati, Nitin Bharat Sharma
AMC
SBI Mutual Fund
Tata Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
99.5%
High overlap
common holdings
99.5% of the combined portfolio weight is common between SBI Nifty Index Direct Plan-Growth and Tata Nifty 50 Index Direct.
50 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 11.14% of SBI Nifty Index Direct Plan-Growth and 11.14% of Tata Nifty 50 Index Direct.
At this level most of your money rides on the same stocks through two schemes, so holding both adds little extra diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.Larsen & Toubro Ltd.State Bank of IndiaAxis Bank Ltd.Infosys Ltd.
SBI Nifty Index Direct Plan-Growth has delivered the higher 3-year CAGR (9.06% vs 8.99%). SBI Nifty Index Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.24% against 0.27%. SBI Nifty Index Direct Plan-Growth manages the larger corpus at ₹13.65k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, SBI Nifty Index Direct Plan-Growth returned 0.49% against 0.45% for Tata Nifty 50 Index Direct; and over 3 years, SBI Nifty Index Direct Plan-Growth leads with a 9.06% CAGR versus 8.99%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
SBI Nifty Index Direct Plan-Growth has the lower expense ratio at 0.24%, compared with 0.27% for Tata Nifty 50 Index Direct — a difference of 0.03% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both SBI Nifty Index Direct Plan-Growth and Tata Nifty 50 Index Direct carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 99.5%, which is considered high. At this level, most of your money would be riding on the same set of stocks through two schemes, so holding both adds little extra diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Large Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
SBI Nifty Index Direct Plan-Growth has a NAV of ₹230.27 and an AUM of ₹13.65k Cr, and was launched on 31 Dec 2012. Tata Nifty 50 Index Direct has a NAV of ₹167.46 and an AUM of ₹1.67k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
