Nippon India Equity Savings Fund vs SBI NIFTY Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Equity Savings Fund is a mutual fund and SBI NIFTY Index Fund is an Index fund. Nippon India Equity Savings Fund charges 0.99% a year and SBI NIFTY Index Fund 0.24% (Direct plans). Their portfolios overlap 51.5%: they hold 31 of the same securities.
Which is better, Nippon India Equity Savings or SBI NIFTY Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI NIFTY Index costs less: 0.24% a year against 0.99% (Direct plans).
- SBI NIFTY Index holds more in large companies: 98.8% of the fund in large caps against 61.3%.
- SBI NIFTY Index is the larger fund: ₹13,190 Cr against ₹744 Cr.
- Their portfolios overlap 51.5%: 31 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 | Nippon India Equity Savings Fund | SBI NIFTY Index Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | SBI Mutual Fund |
| Category | Not available | Index |
| AUM | ₹744 Cr (30-09-2026) | ₹13,190 Cr (30-09-2026) |
| NAV | ₹0.00 (Direct) | ₹215.76 (Direct) |
| Expense ratio (Direct) | 0.99% | 0.24% |
| Expense ratio (Regular) | 2.04% | 0.44% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 50 TRI |
| Launch date | Not available | 17-01-2002 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Raviprakash Sharma |
| Exit load | Not available | Exit load of 0.25% if redeemed within 30 days |
Nippon India Equity Savings vs SBI NIFTY Index: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Equity Savings Fund (Direct) | -- | -- | -- | -- | -- | -- | -- |
| SBI NIFTY Index Fund (Direct) | +1.94% | −5.06% | −3.24% | −10.22% | +7.34% | +6.43% | +11.22% |
Nippon India Equity Savings vs SBI NIFTY Index: Year-wise Returns
| Year | Nippon India Equity SavingsNippon India Equity Savings | SBI NIFTY IndexSBI NIFTY Index |
|---|---|---|
| 2026to date | -- | −11.09% |
| 2025 | -- | +11.58% |
| 2024 | -- | +9.80% |
| 2023 | -- | +21.04% |
| 2022 | -- | +5.43% |
| 2021 | -- | +25.10% |
Nippon India Equity Savings vs SBI NIFTY Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of SBI NIFTY Index Fund
Nippon India Equity Savings vs SBI NIFTY Index: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Equity Savings Fund, September 2026; SBI NIFTY Index Fund, September 2026
Holdings in common
- Overlap
- 51.5%
- Held by both
- 31
- Only in Nippon India Equity Savings
- 35
- Only in SBI NIFTY Index
- 19
| Security | % of Nippon India Equity Savings | % of SBI NIFTY Index |
|---|---|---|
| ICICI Bank Limited | 8.29% | 9.07% |
| HDFC Bank Limited | 7.32% | 10.40% |
| Reliance Industries Limited | 5.25% | 7.60% |
| Bharti Airtel Limited | 4.77% | 5.12% |
| Axis Bank Limited | 3.16% | 3.37% |
| Kotak Mahindra Bank Limited | 5.14% | 2.94% |
| Mahindra & Mahindra Limited | 5.99% | 2.52% |
| ITC Limited | 1.87% | 2.43% |
| NTPC Limited | 1.56% | 1.47% |
| Tata Steel Limited | 1.50% | 1.46% |
| Sun Pharmaceutical Industries Limited | 1.44% | 1.84% |
| State Bank of India | 1.37% | 3.80% |
| Infosys Limited | 1.27% | 3.36% |
| Larsen & Toubro Limited | 1.16% | 4.21% |
| Eternal Limited | 0.82% | 2.22% |
| Coal India Limited | 0.78% | 0.97% |
| Maruti Suzuki India Limited | 0.73% | 1.49% |
| Grasim Industries Limited | 0.57% | 1.11% |
| SBI Life Insurance Company Limited | 0.57% | 0.73% |
| Bajaj Finance Limited | 0.52% | 2.51% |
| HDFC Life Insurance Company Limited | 0.42% | 0.54% |
| Tata Consultancy Services Limited | 0.41% | 2.00% |
| Hindustan Unilever Limited | 0.33% | 1.60% |
| HCL Technologies Limited | 0.33% | 1.24% |
| Tech Mahindra Limited | 0.33% | 0.93% |
| Asian Paints Limited | 0.32% | 1.04% |
| Bharat Electronics Limited | 0.31% | 1.33% |
| Titan Company Limited | 0.31% | 1.81% |
| JSW Steel Limited | 0.23% | 1.16% |
| Oil & Natural Gas Corporation Limited | 0.18% | 0.84% |
| Trent Limited | 0.09% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.5% means 51.5% 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 Nippon India Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.32% Government of India | 3.41% |
| Ashok Leyland Limited | 3.37% |
| Brookfield India Real Estate Trust | 3.28% |
| Mindspace Business Parks REIT | 3.14% |
| 7.26% Government of India | 2.71% |
Largest holdings only in SBI NIFTY Index Fund
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 1.35% |
| Shriram Finance Ltd. | 1.32% |
| Hindalco Industries Ltd. | 1.31% |
| Ultratech Cement Ltd. | 1.24% |
| BSE Ltd. | 1.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Equity Savings | SBI NIFTY Index |
|---|---|---|
| Equity | 67.2% | 100.2% |
| Debt | 18.2% | 0.0% |
| Cash and others | 14.6% | -0.2% |
Market cap of stocks
| Market cap | Nippon India Equity Savings | SBI NIFTY Index |
|---|---|---|
| Large Cap | 61.3% | 98.8% |
| Mid Cap | 5.9% | 1.4% |
| Small Cap | 0.0% | 0.0% |
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 | Nippon India Equity Savings | SBI NIFTY Index |
|---|---|---|
| Banks | 26.1% | 29.6% |
| Petroleum Products | 5.3% | 7.6% |
| IT - Software | 2.5% | 7.5% |
| Automobiles | 6.7% | 6.7% |
| Finance | 1.1% | 5.5% |
| Telecom - Services | 4.8% | 5.1% |
| Agricultural, Commercial & Construction Vehicles | 3.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Equity Savings vs SBI NIFTY Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Equity Savings Fund | SBI NIFTY Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.99% | 0.24% |
| Base expense ratio (Direct) | 0.43% | 0.16% |
| Total expense ratio (Regular) | 2.04% | 0.44% |
| Base expense ratio (Regular) | 1.32% | 0.33% |
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.
Nippon India Equity Savings Fund vs SBI NIFTY Index Fund: Frequently Asked Questions
What is the difference between Nippon India Equity Savings Fund and SBI NIFTY Index Fund?
Nippon India Equity Savings Fund is a mutual fund, SBI NIFTY Index Fund is an Index fund, run by Nippon India Mutual Fund and SBI Mutual Fund. Their portfolios overlap 51.5%. Nippon India Equity Savings Fund charges 0.99% a year and SBI NIFTY Index Fund 0.24%.
Which has the lower expense ratio, Nippon India Equity Savings Fund or SBI NIFTY Index Fund?
SBI NIFTY Index Fund charges less: 0.24% a year against 0.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Equity Savings Fund and SBI NIFTY Index Fund overlap?
51.5%. They hold 31 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Nippon India Equity Savings Fund and SBI NIFTY Index Fund?
Yes. 51.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.