Fundalysisby DARKHORSESTOCKS

Scheme

SBI Nifty Bank Index Fund

Holds 14 companies worth ₹199 Cr in Sept 2026.

  • Fund house

    SBIThe fund house that runs this scheme.

  • AUM

    ₹199 CrSBI Nifty Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.2% on Aug 2026, ₹210 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Viral ChhadvaRuns it since 1 Mar 2026, as the fund house dates it.

Overview(30 Sept 2026)

Fund managers1

  1. Viral ChhadvaFund manager · Mar 2026 · 19y · CFA

    Key facts

    Benchmark
    Nifty Bank Index TRI
    Risk
    VERY HIGH
    Expense
    Regular 0.55%
    Started
    6 Feb 2025
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 30 Sept 2026 at AMFI.

    What changed(0 changes)

    Nothing has changed in its documents since Sept 2026.

    Source.Its filings at NSE, since Sept 2026.

    Fund managers over time(Mar 2026 – now)

    1. Viral Chhadva
    MainCoSlice
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2026 – Sept 2026)

    Every change to the expense ratio, newest first.
    1 filingRegularDirectΔ pt
    30 Sept 20260.55%––
    Direct plan, 30 Sept 2026
    –%
    Regular plan 0.55%
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE (none yet: today's, at AMFI). A change holds until the next.

    Objective and risk(30 Sept 2026)

    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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Benchmark
    Nifty Bank Index TRI

    How to invest(30 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1

    Selling and switching

    To redeem
    ₹500
    Switch minimum
    ₹5,000

    Scheme details(30 Sept 2026)

    What it is

    Category
    OTHER SCHEMES
    Offer
    20 Jan 2025 to 31 Jan 2025
    Started
    6 Feb 2025
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    SBI-SG Global Securities Services Pvt. Ltd
    Auditor
    Chokshi & Chokshi LLP
    Registrar
    CAMS
    SEBI code
    SBIM/O/O/EIN/24/08/0186