SBI Nifty200 Quality 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
SBI Nifty200 Quality 30 Index Fund Direct Growth Plan has a NAV of ₹9.6207 as of 15 Sep 2026 and scheme AUM of ₹327 Cr. Its 1-year, 3-year and 5-year returns are -6.62%, 0% and 0%, and the scheme sits in the High Risk category. Our view is that this is a portfolio for investors who can tolerate sharp swings and want a rules-based quality index strategy, but the recent return pattern is still softer than the benchmark.
The fund’s short history, since 05 Jun 2025, means the longer return record is not yet meaningful in the same way as a mature index fund. With a 0.34% expense ratio and a concentrated top-holdings list, the scheme looks better suited to investors who want quality-factor exposure and can accept that near-term results may diverge from the broader market.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.6207 as of 15 Sep 2026 |
| AUM | ₹327 Cr |
| Expense Ratio | 0.34% |
| Launch Date | 05 Jun 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Viral Chhadva |
The fund is managed by Viral Chhadva.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -6.27% | -4.81% |
| 3M | -2.46% | -3.63% |
| 1Y | -6.62% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent picture is mixed. Over 1 month, the fund fell more than the benchmark, which tells us the scheme has not been immune to the latest stretch of weakness. Over 3 months, it held up better than the benchmark, so the short-term path has not been one-way.
At the 1-year mark, the fund is still negative, but it has done better than the benchmark over the same period. That matters because it shows the strategy has absorbed the market’s decline somewhat better than the Nifty 50 comparison over the full year, even though the absolute return is still below zero.
The longer pattern is less informative because this scheme has not yet built a 3-year or 5-year record. Even so, the available daily path suggests a choppy ride rather than a smooth compounding curve. For investors, that means the fund’s quality screen has not delivered a steady cushion in every short window, and recent gains and losses have alternated enough to require patience.
Compared with the benchmark, our read is that the fund has shown pockets of relative resilience but no clean, persistent lead across all recent periods. The return profile is still young, so the right focus is less on legacy consistency and more on whether the investor is comfortable with a newer index product that may diverge from the broader market in the near term.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD SBI Nifty200 Quality 30 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding SBI Nifty200 Quality 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| SBI Nifty200 Quality 30 Index Fund Direct Growth Plan | -6.62% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails every peer listed here on the same period, while the peer set also shows stronger medium-term numbers where available. That contrast matters because the current scheme’s only available full-year figure is still negative, while several peers are firmly positive over 1 year and, for those with longer records, also over 3 years.
What stands out is that the fund’s short-term profile does not yet line up with the stronger longer-term readings seen in some peers. The available peer data suggests that this scheme is still trying to establish a clearer track record, whereas the comparison group includes funds with more complete and stronger return histories. For investors, that means the decision rests more on the fund’s niche quality exposure than on a broad performance advantage.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Tata Consultancy Services Ltd. | IT | 5.46% |
| Nestle India Ltd. | FMCG | 5.19% |
| Infosys Ltd. | IT | 5.15% |
| Bharat Electronics Ltd. | Capital Goods | 4.80% |
| HCL Technologies Ltd. | IT | 4.56% |
| Bajaj Auto Ltd. | Automobile & Ancillaries | 4.47% |
| Hindustan Unilever Ltd. | FMCG | 4.29% |
| ITC Ltd. | FMCG | 4.22% |
| Dixon Technologies (India) Ltd. | Consumer Durables | 4.20% |
| Britannia Industries Ltd. | FMCG | 4.05% |
The top 10 holdings account for approximately 46.39% of the portfolio.
To see all holdings, visit the SBI Nifty200 Quality 30 Index Fund Direct Growth Plan page
The largest holding, Tata Consultancy Services Ltd., carries a weight of 5.46%, so no single position dominates the portfolio on its own. The gap from the first holding to the tenth is modest, moving from 5.46% to 4.05%, which suggests the top names are clustered fairly close together rather than sharply separated.
Even so, the top 10 together account for 46.39% of the portfolio, so the displayed slice still has meaningful influence. With 30 disclosed holdings in total, the fund appears to spread risk across a longer tail beyond the largest positions, but the heaviest names may still shape day-to-day movement more than a very broad, equally weighted portfolio would.
That mix can suit an investor who wants a rules-based quality screen with multiple large positions instead of a single-stock style bet. At the same time, the concentration in the leading holdings means performance may continue to reflect the fortunes of a relatively small set of large companies, especially in sectors such as IT and FMCG that appear repeatedly in the top list.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk equity exposure and who can stay invested through short-term swings. The current return pattern is uneven: recent periods are weak, while the 1-year figure is still negative but better than the benchmark over the same horizon. That makes the scheme more suitable for a medium- to long-term view rather than a short holding period.
The main trade-off is that investors get a quality-screened index portfolio, but they also accept a newer track record and a return history that has not yet settled into a smooth pattern. The relatively concentrated top holdings can add to that variability, even though the portfolio still includes 30 disclosed names. This is better viewed as a patient allocation for investors who understand that quality-style index investing can lag in some market phases.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 0.25% if units are sold on or before 15 days. No exit load applies after 15 days.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of SBI Nifty200 Quality 30 Index Fund Direct Growth Plan?
The current NAV is ₹9.6207 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -6.62%, while the 3-year and 5-year returns are both 0% in the available record.
How has the fund performed versus Nifty 50?
It has done better than Nifty 50 over 1 year, with -6.62% versus -8.27%, but it lagged the benchmark over 1 month and moved ahead over 3 months.
How does the fund compare with the peer funds listed here?
Its 1-year return is lower than the listed peer funds, while several peers also show stronger 3-year records where those figures are available.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk level and who manages the fund?
The fund is in the High Risk category and is managed by Viral Chhadva. It also has a 0.25% exit load if units are sold on or before 15 days.
Bottom line
SBI Nifty200 Quality 30 Index Fund Direct Growth Plan has a mixed early record. The 1-year figure is negative but better than the benchmark over that same span, while the shorter recent window has been uneven. Compared with the listed peers, the available return picture is weaker, although the peer set also contains more mature histories. The portfolio leans on a relatively small group of large names, so investors should be comfortable with High Risk equity swings and a quality-focused index approach that may behave differently from the broader market.
Published on 16 September 2026 at 4:57 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.