SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Plan currently has a NAV of ₹9.8008 as of 16 Sep 2026 and manages ₹56 Cr. Its 1-year, 3-year and 5-year returns are -5.96%, 0%, and 0%, respectively, and the scheme is tagged High Risk. In our view, this is a small index fund that has not yet built a long return history, so the current read is driven more by recent weakness and its defensive stock selection style than by any long-term record.

The fund may suit investors who want index-linked equity exposure with a lower-volatility tilt, but the current numbers still call for patience. The portfolio is concentrated in 30 holdings, and the top names are spread across financials, healthcare, consumer and industrial businesses rather than a single theme.

Quick facts

Particular	Details
NAV	₹9.8008 as of 16 Sep 2026
AUM	₹56 Cr
Expense Ratio	0.38%
Launch Date	28 Jul 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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.14%	-4.41%
3M	-2.13%	-3.6%
1Y	-5.96%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been uneven. Over 1 month, the fund fell less than the benchmark, which suggests the low-volatility basket provided some cushion even though returns were still negative. Over 3 months, the fund did better than the benchmark, which is a useful sign that the portfolio has been able to hold up better in the latest stretch.

The 1-year figure is also less weak than the benchmark, so the fund has not lagged the broader market in this period. That matters because the longer history is still short: the scheme was launched in July 2025, so 3-year and 5-year returns are not yet available. For investors, that means the fund should be judged mainly on its recent behaviour and portfolio design rather than on a mature compounding track record.

The daily pattern through the last few months shows a fund that has moved in a relatively narrow band, with periods of recovery followed by another soft spell. That is consistent with a low-volatility index approach, but it has not translated into positive absolute returns yet. In our view, the key question is less whether it can beat the benchmark every week and more whether the lower drawdown profile is worth accepting while the track record remains limited.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD SBI Nifty100 Low Volatility 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 Nifty100 Low Volatility 30 Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Plan	-5.96%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On 1-year returns, this fund trails every peer listed here, even though its own figure is still less weak than the benchmark. That tells us the recent low-volatility setup has been defensive, but it has not matched the stronger absolute gains seen in the comparison set. The picture is harder to judge over 3 years and 5 years because this scheme does not yet have those records, while some peers do.

That difference matters. Where the peers with available longer history show positive compounding, this fund is still at the stage of proving how its portfolio behaves across a complete market cycle. So the short-term comparison looks cautious, while the longer-term comparison remains incomplete rather than weak.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	4.09%
Bajaj Auto Ltd.	Automobile & Ancillaries	3.97%
Sun Pharmaceutical Industries Ltd.	Healthcare	3.79%
Nestle India Ltd.	FMCG	3.74%
Apollo Hospitals Enterprise Ltd.	Healthcare	3.69%
Tata Consultancy Services Ltd.	IT	3.64%
Titan Company Ltd.	Diamond & Jewellery	3.59%
Bajaj Finserv Ltd.	Finance	3.58%
SBI Life Insurance Co. Ltd.	Insurance	3.55%
NTPC Ltd.	Power	3.51%

The largest holding is ICICI Bank Ltd. at 4.09%, so no single name dominates the disclosed list on its own. The decline from the first holding to the tenth is fairly gentle, moving from 4.09% to 3.51%, which tells us the top names are tightly grouped rather than heavily skewed to one or two positions.

The top 10 holdings together account for approximately 37.15% of the portfolio, and the scheme holds 30 names in total. That combination suggests a moderate level of concentration: the disclosed leaders may influence returns meaningfully, but the fund is still spread across a wider set of stocks beyond the top slice.

Sector labels are mixed across banking, healthcare, consumer, industrial and financial names, which may help reduce reliance on one part of the market. Even so, because the fund is index-based and the portfolio is relatively compact, movements in the largest positions could still have a visible effect on performance.

To see all holdings, visit the SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund is best viewed by investors who can tolerate High Risk exposure and are comfortable with an equity product that has a short operating history. The return pattern is still uneven, with negative 1-year results but some recent periods that held up better than the benchmark. That makes it more suitable for a longer horizon, where investors are willing to accept short-term weakness in exchange for the possibility that the low-volatility style behaves more steadily over time.

The main trade-off is clear: the fund may offer a calmer equity profile than a broad-market approach, but it has not yet shown a full-cycle record. Investors who want a mature compounding history may prefer to wait, while those who are building index exposure and can stay invested through uneven stretches may find the structure understandable.

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% on or before 15D, Nil after 15D.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Plan?
Its NAV is ₹9.8008 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -5.96%, while the 3-year and 5-year returns are not yet available.

How has the fund done versus the benchmark?
It has been less weak than the benchmark over 1 month, 3 months and 1 year. That points to some defensive behaviour, even though returns are still negative in the recent periods shown.

How does the fund compare with the peer funds listed here?
Its 1-year return is below the peer figures shown here, while the longer-term comparison is incomplete because this fund does not yet have 3-year or 5-year history.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

What risk level, portfolio style and exit load should investors note?
The fund is tagged High Risk. The top 10 holdings account for approximately 37.15% of the portfolio, and the exit load is 0.25% on or before 15D, Nil after 15D.

Bottom line

This fund’s recent record is still uneven, and its longer-term return history is not yet available. Compared with the peers shown here, the 1-year figure is clearly weaker, although recent periods have been less weak than the benchmark. The portfolio is spread across 30 holdings, with the largest names clustered fairly closely together, which may help keep single-stock concentration in check. It is a fit mainly for investors who are comfortable with High Risk equity exposure and want to evaluate a low-volatility index approach over a longer holding period.

Published on 17 September 2026 at 9:59 AM 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.