Navi Nifty 500 Multicap 50:25:25 Index Fund vs SBI Retirement Benefit Fund - Conservative Plan
Direct Plan, Growth option · Data as on 30-10-2026
Navi Nifty 500 Multicap 50:25:25 Index Fund is an Index fund and SBI Retirement Benefit Fund - Conservative Plan is a Solution fund. In the year to 30-10-2026, Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) returned −6.4% and SBI Retirement Benefit Fund - Conservative Plan (Direct) returned 0.9%. Navi Nifty 500 Multicap 50:25:25 Index Fund charges 0.49% a year and SBI Retirement Benefit Fund - Conservative Plan 0.98% (Direct plans). Their portfolios overlap 12.9%: they hold 46 of the same securities.
Navi Nifty 500 Multicap 50:25:25 Index Fund
Index
- 1 year return
- −6.4%
- Expense ratio
- 0.49%
- NAV
- ₹9.56
SBI Retirement Benefit Fund - Conservative Plan
Solution
- 1 year return
- 0.9%
- Expense ratio
- 0.98%
- NAV
- ₹14.85
Which is better, Navi Nifty 500 Multicap 50:25:25 Index or SBI Retirement Benefit Fund - Conservative Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Retirement Benefit Fund - Conservative Plan returned more over 1 year: 0.9% against −6.4%.
- Navi Nifty 500 Multicap 50:25:25 Index costs less: 0.49% a year against 0.98% (Direct plans).
- SBI Retirement Benefit Fund - Conservative Plan fell less in its worst fall since 02-08-2024: −4.5% against −19.8%.
- Navi Nifty 500 Multicap 50:25:25 Index holds more in large companies: 50.3% of the fund in large caps against 9.3%.
- SBI Retirement Benefit Fund - Conservative Plan is the larger fund: ₹138 Cr against ₹28 Cr.
- Their portfolios overlap 12.9%: 46 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Navi Nifty 500 Multicap 50:25:25 Index Fund | SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| Fund house | Navi Mutual Fund | SBI Mutual Fund |
| Category | Index | Solution |
| AUM | ₹28 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹14.85 (Direct) |
| Expense ratio (Direct) | 0.49% | 0.98% |
| Expense ratio (Regular) | 1.14% | 1.44% |
| Riskometer | Very High | Moderately High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 01-08-2024 | 10-02-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Ashutosh Shirwaikar | Ardhendu Bhattacharya, Rohit Shimpi |
| Exit load | NIL | Nil |
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | −1.92% | −6.36% | −2.54% | −6.41% | -- | -- | -- |
| SBI Retirement Benefit Fund - Conservative Plan (Direct) | −0.53% | −0.99% | +1.76% | +0.86% | +6.41% | +6.64% | -- |
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Year-wise Returns
| Year | Navi Nifty 500 Multicap 50:25:25 IndexNavi Nifty 500 Multicap 50:25:25 Index | SBI Retirement Benefit Fund - Conservative PlanSBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| 2026to date | −5.96% | +0.49% |
| 2025 | +4.75% | +5.59% |
| 2024 | -- | +9.54% |
| 2023 | -- | +11.84% |
| 2022 | -- | +5.42% |
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Navi Nifty 500 Multicap 50:25:25 Index Fund
Rolling returns
Every 1-year holding period, 304 of them, one for each trading day from 04-08-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct)
SBI Retirement Benefit Fund - Conservative Plan (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Navi Nifty 500 Multicap 50:25:25 Index | 31.6 | 37.8 | 24.0 | 5.6 | 1.0 | 0.0 | 0.0 | 2.7% | 2.2% | −7.9% | 15.5% | 0% |
| SBI Retirement Benefit Fund - Conservative Plan | 7.9 | 63.8 | 28.3 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5% | 3.9% | −1.1% | 7.2% | 53% |
| Nifty500 Multicap 50:25:25 TRI | 28.0 | 36.2 | 28.0 | 5.9 | 2.0 | 0.0 | 0.0 | 3.2% | 2.6% | −7.6% | 16.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-08-2024. Past returns do not promise future returns.
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Navi Nifty 500 Multicap 50:25:25 IndexNavi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | ₹2,70,000 | ₹2,64,691 | −₹5,309 | −1.7% |
| SBI Retirement Benefit Fund - Conservative PlanSBI Retirement Benefit Fund - Conservative Plan (Direct) | ₹2,70,000 | ₹2,77,536 | ₹7,536 | 2.4% |
Navi Nifty 500 Multicap 50:25:25 IndexNavi Nifty 500 Multicap 50:25:25 Index Fund (Direct)
SBI Retirement Benefit Fund - Conservative PlanSBI Retirement Benefit Fund - Conservative Plan (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | SBI Retirement Benefit Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | −6.41% | +0.86% |
| Standard deviation | 14.78% | 4.37% |
| Sharpe ratio | -0.79 | -1.00 |
| Sortino ratio | -1.05 | -1.36 |
| Maximum drawdown | −14.5% (31-03-2026) | −4.5% (30-03-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.49% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | SBI Retirement Benefit Fund - Conservative Plan (Direct) |
|---|---|---|
| Return (CAGR) | −1.93% | +7.13% |
| Standard deviation | 14.70% | 3.33% |
| Sharpe ratio | -0.52 | 0.50 |
| Sortino ratio | -0.70 | 0.69 |
| Maximum drawdown | −19.8% (03-03-2025) | −4.5% (30-03-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.64% | -- |
From daily NAVs, 02-08-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct)
SBI Retirement Benefit Fund - Conservative Plan (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | −19.8% | 26-09-2024 | 03-03-2025 | Not yet | -- | −8.7% |
| SBI Retirement Benefit Fund - Conservative Plan (Direct) | −4.5% | 02-01-2026 | 30-03-2026 | 16-06-2026 | 3 months | −1.8% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 02-08-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct)
SBI Retirement Benefit Fund - Conservative Plan (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Navi Nifty 500 Multicap 50:25:25 Index Fund (Direct) | 97% | 100% | 0.27% |
| SBI Retirement Benefit Fund - Conservative Plan (Direct) | 38% | 22% | 12.68% |
From month-end values since 02-08-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Navi Nifty 500 Multicap 50:25:25 Index Fund, September 2026; SBI Retirement Benefit Fund - Conservative Plan, September 2026
Holdings in common
- Overlap
- 12.9%
- Held by both
- 46
- Only in Navi Nifty 500 Multicap 50:25:25 Index
- 450
- Only in SBI Retirement Benefit Fund - Conservative Plan
- 18
| Security | % of Navi Nifty 500 Multicap 50:25:25 Index | % of SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| HDFC BANK LIMITED | 4.20% | 1.24% |
| ICICI BANK LIMITED | 3.66% | 1.17% |
| LARSEN & TOUBRO LIMITED | 1.70% | 0.79% |
| STATE BANK OF INDIA | 1.53% | 0.74% |
| MARUTI SUZUKI INDIA LIMITED | 0.60% | 0.59% |
| KOTAK MAHINDRA BANK LIMITED | 1.19% | 0.51% |
| ULTRATECH CEMENT LIMITED | 0.50% | 0.57% |
| BAJAJ FINANCE LIMITED | 1.01% | 0.45% |
| SONA BLW PRECISION FORGINGS LIMITED | 0.42% | 0.41% |
| DIVI'S LABORATORIES LIMITED | 0.45% | 0.39% |
| TVS MOTOR COMPANY LIMITED | 0.37% | 0.45% |
| NAVIN FLUORINE INTERNATIONAL LIMITED | 0.34% | 0.36% |
| LENSKART SOLUTIONS LIMITED | 0.31% | 0.47% |
| THE INDIAN HOTELS COMPANY LIMITED | 0.39% | 0.30% |
| BAJAJ FINSERV LIMITED | 0.39% | 0.30% |
| ASIAN PAINTS LIMITED | 0.42% | 0.29% |
| TECH MAHINDRA LIMITED | 0.37% | 0.29% |
| FSN E-COMMERCE VENTURES LIMITED | 0.27% | 0.27% |
| COFORGE LIMITED | 0.37% | 0.26% |
| CENTRAL DEPOSITORY SERVICES (INDIA) LTD. | 0.25% | 0.35% |
| INTERGLOBE AVIATION LIMITED | 0.44% | 0.21% |
| PIDILITE INDUSTRIES LIMITED | 0.18% | 0.27% |
| DLF LIMITED | 0.17% | 0.23% |
| CARBORUNDUM UNIVERSAL LIMITED | 0.16% | 0.18% |
| BIOCON LIMITED | 0.16% | 0.16% |
| VOLTAS LIMITED | 0.15% | 0.20% |
| TORRENT POWER LIMITED | 0.15% | 0.24% |
| ABB INDIA LIMITED | 0.14% | 0.23% |
| LTM LIMITED | 0.14% | 0.19% |
| PAGE INDUSTRIES LIMITED | 0.14% | 0.19% |
| OBEROI REALTY LIMITED | 0.13% | 0.24% |
| TIMKEN INDIA LIMITED | 0.13% | 0.37% |
| GODREJ PROPERTIES LIMITED | 0.13% | 0.22% |
| JSW INFRASTRUCTURE LIMITED | 0.13% | 0.43% |
| ZF COMM. VEHICLE CONTROL SYSTEMS IND LTD | 0.12% | 0.31% |
| HYUNDAI MOTOR INDIA LIMITED | 0.11% | 0.38% |
| JUBILANT FOODWORKS LIMITED | 0.11% | 0.27% |
| SCHAEFFLER INDIA LTD | 0.10% | 0.37% |
| BALRAMPUR CHINI MILLS LIMITED | 0.09% | 0.26% |
| THERMAX LIMITED | 0.08% | 0.25% |
| BERGER PAINTS (I) LIMITED | 0.08% | 0.22% |
| HONEYWELL AUTOMATION INDIA LIMITED | 0.08% | 0.21% |
| HDB FINANCIAL SERVICES LIMITED | 0.08% | 0.21% |
| URBAN COMPANY LIMITED | 0.06% | 0.46% |
| ANTHEM BIOSCIENCES LIMITED | 0.06% | 0.41% |
| JSW CEMENT LIMITED | 0.04% | 0.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.9% means 12.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Navi Nifty 500 Multicap 50:25:25 Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LIMITED | 3.07% |
| BHARTI AIRTEL LIMITED | 2.07% |
| INFOSYS LIMITED | 1.36% |
| AXIS BANK LIMITED | 1.36% |
| MAHINDRA & MAHINDRA LIMITED | 1.02% |
Largest holdings only in SBI Retirement Benefit Fund - Conservative Plan
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 7.20% |
| Bharat Sanchar Nigam Ltd. | 7.16% |
| Summit Digitel Infrastructure Pvt. Ltd. | 5.36% |
| Torrent Power Ltd. | 3.65% |
| Cholamandalam Investment & Finance Co. Ltd. | 3.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi Nifty 500 Multicap 50:25:25 Index | SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| Equity | 98.8% | 19.0% |
| Debt | 0.0% | 47.9% |
| Cash and others | 1.2% | 33.1% |
Market cap of stocks
| Market cap | Navi Nifty 500 Multicap 50:25:25 Index | SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| Large Cap | 50.3% | 9.3% |
| Mid Cap | 24.2% | 4.8% |
| Small Cap | 24.0% | 4.5% |
| Not on AMFI's list | 0.2% | 0.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Navi Nifty 500 Multicap 50:25:25 Index | SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| BANKS | 16.0% | 0.0% |
| FINANCE | 6.7% | 0.0% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 6.3% | 0.0% |
| IT - SOFTWARE | 4.9% | 0.0% |
| AUTOMOBILES | 4.1% | 0.0% |
| PETROLEUM PRODUCTS | 3.9% | 0.0% |
| Banks | 0.0% | 3.7% |
| Automobiles | 0.0% | 1.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 1.4% |
| Retailing | 0.0% | 1.2% |
| Auto Components | 0.0% | 1.1% |
| Realty | 0.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Navi Nifty 500 Multicap 50:25:25 Index vs SBI Retirement Benefit Fund - Conservative Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi Nifty 500 Multicap 50:25:25 Index Fund | SBI Retirement Benefit Fund - Conservative Plan |
|---|---|---|
| Total expense ratio (Direct) | 0.49% | 0.98% |
| Base expense ratio (Direct) | 0.35% | 0.79% |
| Total expense ratio (Regular) | 1.14% | 1.44% |
| Base expense ratio (Regular) | 0.90% | 1.19% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Navi Nifty 500 Multicap 50:25:25 Index Fund vs SBI Retirement Benefit Fund - Conservative Plan: Frequently Asked Questions
What is the difference between Navi Nifty 500 Multicap 50:25:25 Index Fund and SBI Retirement Benefit Fund - Conservative Plan?
Navi Nifty 500 Multicap 50:25:25 Index Fund is an Index fund, SBI Retirement Benefit Fund - Conservative Plan is a Solution fund, run by Navi Mutual Fund and SBI Mutual Fund. Their portfolios overlap 12.9%. Navi Nifty 500 Multicap 50:25:25 Index Fund charges 0.49% a year and SBI Retirement Benefit Fund - Conservative Plan 0.98%.
Which has given higher returns, Navi Nifty 500 Multicap 50:25:25 Index Fund or SBI Retirement Benefit Fund - Conservative Plan?
Over 1 year: Navi Nifty 500 Multicap 50:25:25 Index Fund −6.41%, SBI Retirement Benefit Fund - Conservative Plan +0.86%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Navi Nifty 500 Multicap 50:25:25 Index Fund or SBI Retirement Benefit Fund - Conservative Plan?
Navi Nifty 500 Multicap 50:25:25 Index Fund charges less: 0.49% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi Nifty 500 Multicap 50:25:25 Index Fund and SBI Retirement Benefit Fund - Conservative Plan overlap?
12.9%. They hold 46 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, Navi Nifty 500 Multicap 50:25:25 Index Fund or SBI Retirement Benefit Fund - Conservative Plan?
On SEBI's riskometer, Navi Nifty 500 Multicap 50:25:25 Index Fund is rated Very High and SBI Retirement Benefit Fund - Conservative Plan Moderately High. Over 1 years, the standard deviation of daily returns was 14.78% and 4.37% a year.
Can I invest in both Navi Nifty 500 Multicap 50:25:25 Index Fund and SBI Retirement Benefit Fund - Conservative Plan?
Yes. 12.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Navi Nifty 500 Multicap 50:25:25 Index Fund and SBI Retirement Benefit Fund - Conservative Plan?
Navi Nifty 500 Multicap 50:25:25 Index Fund: Ashutosh Shirwaikar. SBI Retirement Benefit Fund - Conservative Plan: Ardhendu Bhattacharya, Rohit Shimpi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.