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SBI Nifty Smallcap 250 Index Fund

Q: What is the NAV of SBI Nifty Smallcap 250 Index Fund?

As of 01 Oct 2026, the NAV of SBI Nifty Smallcap 250 Index Fund is ₹18.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Nifty Smallcap 250 Index Fund delivered?

SBI Nifty Smallcap 250 Index Fund has returned +3.74% over 1 year, +12.22% per year over 3 years and +17.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund charges an expense ratio of 0.86% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund's largest holdings are Sona Blw Precision Forgings Ltd. (1.6%), Ather Energy Ltd. (1.5%), Karur Vysya Bank Ltd. (1.5%), Navin Fluorine International Ltd. (1.4%) and Welspun Corp Ltd. (1.4%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.0% and its worst peak-to-trough fall in our sample was -26.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Nifty Smallcap 250 Index Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Q: Who manages SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund is managed by Harsh Sethi at SBI.

Q: How is SBI Nifty Smallcap 250 Index Fund taxed?

SBI Nifty Smallcap 250 Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Index Funds

NAV

₹18.77

-1.24% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Nifty Smallcap 250 Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+4.82%CAGR

52-week rangePrev NAV ₹19.01

Latest ₹18.77

Low ₹15.2377th percentile of its 52-week rangeHigh ₹19.82

Scorecard

★★★★☆4/5 vs 174 of 373 Index Funds peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). 174 of the 373 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +12.22% · ranks 33 of 174 Index Funds

RiskHigh

Volatility 19.0% vs 12.3% category avg

CostLow

0.9% expense vs 1.0% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Index Funds average on 3M/6M/1Y — 1Y by 4.25pp
3-year return (+12.22%) beats the Index Funds average (+8.51%)
Low expense ratio (0.86%) vs the Index Funds average of 0.96%
Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its Index Funds peers (19.0% vs 12.3%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.86%

Category 0.96%▼0.10%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

26.86

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.30

Category 0.33▼0.03

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

 Entry load : Not applicable  Exit load : For exit on or before 30 days from the date of allotment: 0.25%, For exit after 30 days from the date of allotment: Nil The AMC reserves the right to modify / change the load structure on a prospective basis.

Up to 0.25%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

11 Oct 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.43%

Absolute return over the last 3 months (not annualized)

-1.31%

Absolute return over the last 6 months (not annualized)

+19.00%

Absolute return since 1 Jan of this year (not annualized)

+5.01%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+3.74%

3-year annualized return (CAGR)

+12.22%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+17.01%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

18.99%

Excess return per unit of total volatility (rf = 6.5%)

0.30

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.40

Largest peak-to-trough decline over full history

-26.36%

Benchmark ratios (vs Nifty Smallcap 250 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Smallcap 250 TRI

-1.34%

Sensitivity to Nifty Smallcap 250 TRI moves; 1 = moves with the index

1.00

How much of the fund's movement Nifty Smallcap 250 TRI explains

100.0%

Excess return per unit of beta (market risk)

6.22

Active return over the benchmark per unit of tracking error

-6.54

Annualized std dev of fund-minus-benchmark returns

0.23%

Fund's share of benchmark gains in up months (100 = matches index)

97.7%

Fund's share of benchmark losses in down months (lower is better)

102.4%

Computed vs the Nifty Smallcap 250 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-4.43%	-4.55%	+0.12%
3M abs	-1.31%	-2.99%	+1.68%
6M abs	+19.00%	+5.21%	+13.79%
1Y CAGR	+3.74%	-0.51%	+4.25%
3Y CAGR	+12.22%	+8.51%	+3.71%
5Y CAGR	—	+8.02%	—

Category average across peers in Index Funds (365 of 373 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 373 peers in Index Funds

1Y return

+3.74%

Beats 67% · rank #107

3Y return

+12.22%

Beats 81.5% · rank #33

5Y return

—

Sharpe

0.30

Beats 49.7% · rank #86

Sortino

0.40

Beats 49.1% · rank #88

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.88L

Absolute

+7.81%

XIRR

+5.22%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into SBI Nifty Smallcap 250 Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Smallcap 250 TRI	Diff
2026part	+5.01%	+6.37%	-1.36%
2025	-6.35%	-5.29%	-1.06%
2024	+25.53%	+27.52%	-1.99%
2023	+47.31%	+49.76%	-2.45%
2022part	+2.64%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

988

Expense ratio

0.86%

AUM

₹1,541Cr

Portfolio turnover

32%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

26.9

P/B ratio

4.2

Avg market cap

₹25,473Cr

P/E & P/B are portfolio-weighted harmonic means across 205 of 250 equity holdings (81% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


SBI Nifty Smallcap 250 Index FundThis fund SBI · Regular · Growth	★★★★☆	+3.74%	+12.22%	—	—	0.86%	₹1,541Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Regular · Growth	★★★★★	+32.29%	+33.12%	+20.04%	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Regular · Growth	★★★★★	+23.73%	+27.06%	+18.06%	—	1.04%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Regular · Growth	★★★★★	+20.43%	+18.76%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.67%	+18.19%	—	—	1.19%	₹729.68Cr
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Edelweiss · Regular · Growth	★★★★★	+17.16%	+17.87%	+12.94%	—	1.10%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap0.0%
Mid cap18.9%
Small cap81.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.03%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India Nifty Smallcap 250 Index Fund Nippon India · Index Funds	100.0%	★★★★☆	0.41%	+12.60%
Edelweiss Nifty Smallcap 250 Index Fund Edelweiss · Index Funds	100.0%	★★★★☆	0.25%	+13.16%
HDFC Nifty Smallcap 250 Index Fund HDFC · Index Funds	99.9%	★★★★☆	0.33%	+12.76%
Kotak Nifty SmallCap 250 Index Fund Kotak Mahindra · Index Funds	99.9%	★★★☆☆	0.39%	—
Bandhan Nifty Smallcap 250 Index Fund Bandhan · Index Funds	99.8%	★★★☆☆	0.38%	—
Motilal Oswal Nifty Smallcap 250 Index Fund Motilal Oswal · Index Funds	99.8%	★★★★☆	0.46%	+13.04%
ICICI Prudential Nifty Smallcap 250 Index Fund ICICI Prudential · Index Funds	99.7%	★★★★☆	0.44%	+12.74%
Groww Nifty Smallcap 250 Index Fund Groww · Index Funds	99.7%	★★★☆☆	0.64%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 2.86% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I1.42%
HFCL LimitedLong-term · Stage IV1.16%
Whirlpool of India LimitedShort-term · Stage I0.28%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-26.4%23 Sep 2024 → 03 Mar 2025
Still below that high — 5 months down, and no recovery yet.
-13.8%14 Dec 2022 → 28 Mar 2023
Fell over 3 months, back to the old high on 31 May 2023 — 2 months under water after the low.
-12.5%07 Feb 2024 → 13 Mar 2024
Fell over 35 days, back to the old high on 23 Apr 2024 — 41 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,541Cr

April - June 2026

+9%

since January - March 2026

+₹68.39Cr

est. net flow, last quarter

At or near its largest, ₹1,541Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

HSHarsh SethiStart date not disclosed

Role

Equity Dealer Fund Manager

Total experience

20 years

Education

B. Com (Hons.), CA, CS

Experience

Harsh Sethi is the Equity Dealer since February 2017. Harsh joined SBIFML in May 2007 as Product Manager and was responsible for product development and management. Prior to joining SBIFML, he was working with J. P. Mangal & Co. as Senior Assistant from March 2005 to March 2007 handling Audit & Taxation. Currently he is managing SBI Nifty IT ETF, SBI Nifty Consumption ETF, SBI Nifty Private Bank ETF, SBI Nifty Midcap 150 Index Fund, SBI Nifty Smallcap 250 Index Fund, SBI Silver ETF Fund of Fund, SBI Nifty India Consumption Index Fund, SBI Nifty Bank Index Fund and

Funds managed (8)

All schemes Harsh Sethi runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Harsh Sethi

Top holdings

Sona Blw Precision Forgings Ltd.Ather Energy Ltd.Karur Vysya Bank Ltd.Navin Fluorine International Ltd.Welspun Corp Ltd.Piramal Finance Ltd.Delhivery Ltd.HFCL Ltd.Central Depository Services (I) Ltd.RBL Bank Ltd.Gland Pharma Ltd.City Union Bank Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of SBI Nifty Smallcap 250 Index Fund?

As of 01 Oct 2026, the NAV of SBI Nifty Smallcap 250 Index Fund is ₹18.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Nifty Smallcap 250 Index Fund delivered?

SBI Nifty Smallcap 250 Index Fund has returned +3.74% over 1 year, +12.22% per year over 3 years and +17.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund charges an expense ratio of 0.86% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund's largest holdings are Sona Blw Precision Forgings Ltd. (1.6%), Ather Energy Ltd. (1.5%), Karur Vysya Bank Ltd. (1.5%), Navin Fluorine International Ltd. (1.4%) and Welspun Corp Ltd. (1.4%). Holdings are disclosed monthly and change over time.

How risky is SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.0% and its worst peak-to-trough fall in our sample was -26.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Nifty Smallcap 250 Index Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Who manages SBI Nifty Smallcap 250 Index Fund?

SBI Nifty Smallcap 250 Index Fund is managed by Harsh Sethi at SBI.

How is SBI Nifty Smallcap 250 Index Fund taxed?

SBI Nifty Smallcap 250 Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.