SBI NIFTY Index Fund vs Sundaram Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI NIFTY Index Fund is an Index fund and Sundaram Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, SBI NIFTY Index Fund (Direct) returned 7.3% a year and Sundaram Equity Savings Fund (Direct) returned 8.8% a year. SBI NIFTY Index Fund charges 0.24% a year and Sundaram Equity Savings Fund 1.35% (Direct plans). Their portfolios overlap 49.9%: they hold 21 of the same securities.
Sundaram Equity Savings Fund
Equity Savings
- 3 year return
- 8.8%
- Expense ratio
- 1.35%
- NAV
- ₹82.49
Which is better, SBI NIFTY Index or Sundaram Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Equity Savings returned more over 3 years: 8.8% a year against 7.3%.
- Sundaram Equity Savings returned more over 1 year: −1.6% against −10.2%.
- SBI NIFTY Index costs less: 0.24% a year against 1.35% (Direct plans).
- Sundaram Equity Savings swung less over 3 years: a standard deviation of 5.5% a year against 13.2%.
- Sundaram Equity Savings fell less in its worst fall since 03-01-2022: −6.2% against −15.9%.
- SBI NIFTY Index holds more in large companies: 98.8% of the fund in large caps against 60.8%.
- SBI NIFTY Index is the larger fund: ₹13,190 Cr against ₹943 Cr.
- Their portfolios overlap 49.9%: 21 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 | SBI NIFTY Index Fund | Sundaram Equity Savings Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | Sundaram Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹13,190 Cr (30-09-2026) | ₹943 Cr (30-09-2026) |
| NAV | ₹215.76 (Direct) | ₹82.49 (Direct) |
| Expense ratio (Direct) | 0.24% | 1.35% |
| Expense ratio (Regular) | 0.44% | 2.79% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 50 TRI | Nifty Equity Savings Index |
| Launch date | 17-01-2002 | 01-05-2002 |
| Minimum investment | ₹5,000 | New Investor/Existing – Rs.100/- for Quarterly IDCW, halfyearly IDCW and Growth Option. |
| Lock in | None | None |
| Fund managers | Raviprakash Sharma | Clyton Richard Fernandes, Rohit Seksaria, Kumaresh Ramakrishnan |
| Exit load | Exit load of 0.25% if redeemed within 30 days | 0.5% - For redemption, withdrawn by way of SWP or transfer by way of Switch/STP within 07 days from the date of allotment. NIL - For redemption or withdrawn by way of SWP or transfer by way of Switch/STP after 07 days from the date of allotment. |
SBI NIFTY Index vs Sundaram Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| SBI NIFTY Index Fund (Direct) | +1.94% | −5.06% | −3.24% | −10.22% | +7.34% | +6.43% | +11.22% |
| Sundaram Equity Savings Fund (Direct) | −0.13% | −1.66% | +0.06% | −1.58% | +8.79% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
SBI NIFTY Index vs Sundaram Equity Savings: Year-wise Returns
| Year | SBI NIFTY IndexSBI NIFTY Index | Sundaram Equity SavingsSundaram Equity Savings |
|---|---|---|
| 2026to date | −11.09% | −2.07% |
| 2025 | +11.58% | +8.01% |
| 2024 | +9.80% | +14.49% |
| 2023 | +21.04% | +17.33% |
| 2022 | +5.43% | -- |
| 2021 | +25.10% | -- |
SBI NIFTY Index vs Sundaram Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of SBI NIFTY Index Fund
Rolling returns
Every 3-year holding period, 455 of them, one for each trading day from 03-01-2025 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.
SBI NIFTY Index Fund (Direct)
Sundaram Equity Savings Fund (Direct)
Nifty 50 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI NIFTY Index | 0.0 | 0.0 | 27.3 | 59.3 | 13.4 | 0.0 | 0.0 | 12.0% | 12.4% | 5.1% | 18.8% | 0% |
| Sundaram Equity Savings | 0.0 | 0.0 | 12.2 | 84.6 | 3.1 | 0.0 | 0.0 | 12.2% | 12.5% | 8.1% | 15.5% | 47% |
| Nifty 50 TRI | 0.0 | 0.0 | 25.3 | 59.8 | 14.9 | 0.0 | 0.0 | 12.3% | 12.7% | 5.4% | 19.1% | -- |
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 Nifty 50 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 03-01-2022. Past returns do not promise future returns.
SBI NIFTY Index vs Sundaram Equity Savings: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI NIFTY IndexSBI NIFTY Index Fund (Direct) | ₹5,80,000 | ₹6,51,169 | ₹71,169 | 4.7% |
| Sundaram Equity SavingsSundaram Equity Savings Fund (Direct) | ₹5,80,000 | ₹6,96,045 | ₹1,16,045 | 7.5% |
SBI NIFTY IndexSBI NIFTY Index Fund (Direct)
Sundaram Equity SavingsSundaram Equity Savings Fund (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.
SBI NIFTY Index vs Sundaram Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI NIFTY Index Fund (Direct) | Sundaram Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.22% | −1.58% |
| Standard deviation | 13.62% | 6.00% |
| Sharpe ratio | -1.14 | -1.14 |
| Sortino ratio | -1.52 | -1.50 |
| Maximum drawdown | −15.1% (31-03-2026) | −6.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.23% | -- |
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 | SBI NIFTY Index Fund (Direct) | Sundaram Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.34% | +8.79% |
| Standard deviation | 13.21% | 5.50% |
| Sharpe ratio | 0.10 | 0.50 |
| Sortino ratio | 0.14 | 0.69 |
| Maximum drawdown | −15.5% (04-03-2025) | −6.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.29% | -- |
From daily NAVs, 30-10-2023 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 | SBI NIFTY Index Fund (Direct) | Sundaram Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.95% | +8.70% |
| Standard deviation | 15.84% | 5.70% |
| Sharpe ratio | 0.31 | 0.49 |
| Sortino ratio | 0.42 | 0.67 |
| Maximum drawdown | −38.4% (23-03-2020) | −6.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.62% | -- |
From daily NAVs, 02-01-2013 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.
SBI NIFTY Index Fund (Direct)
Sundaram Equity Savings Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI NIFTY Index Fund (Direct) | −15.9% | 17-01-2022 | 17-06-2022 | 01-11-2022 | 5 months | −11.8% |
| Sundaram Equity Savings Fund (Direct) | −6.2% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −3.0% |
| Nifty 50 TRI | −15.8% | 17-01-2022 | 17-06-2022 | 01-11-2022 | 5 months | −11.6% |
From daily values since 03-01-2022, 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.
SBI NIFTY Index Fund (Direct)
Sundaram Equity Savings Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI NIFTY Index Fund (Direct)
Sundaram Equity Savings Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI NIFTY Index Fund (Direct) | 99% | 101% | 0.02% |
| Sundaram Equity Savings Fund (Direct) | 56% | 29% | 8.31% |
From month-end values since 03-01-2022. 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.
SBI NIFTY Index vs Sundaram Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: SBI NIFTY Index Fund, September 2026; Sundaram Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 49.9%
- Held by both
- 21
- Only in SBI NIFTY Index
- 29
- Only in Sundaram Equity Savings
- 49
| Security | % of SBI NIFTY Index | % of Sundaram Equity Savings |
|---|---|---|
| ICICI Bank Ltd. | 9.07% | 7.53% |
| Reliance Industries Ltd. | 7.60% | 7.36% |
| HDFC Bank Ltd. | 10.40% | 5.52% |
| Bharti Airtel Ltd. | 5.12% | 9.29% |
| Larsen & Toubro Ltd. | 4.21% | 3.59% |
| Axis Bank Ltd. | 3.37% | 4.87% |
| Kotak Mahindra Bank Ltd. | 2.94% | 3.14% |
| State Bank of India | 3.80% | 2.44% |
| Mahindra & Mahindra Ltd. | 2.52% | 2.00% |
| Eternal Ltd. | 2.22% | 1.86% |
| Bajaj Finance Ltd. | 2.51% | 1.34% |
| Hindalco Industries Ltd. | 1.31% | 1.98% |
| JSW Steel Ltd. | 1.16% | 1.18% |
| Bajaj Finserv Ltd. | 0.96% | 0.93% |
| NTPC Ltd. | 1.47% | 0.88% |
| Sun Pharmaceutical Industries Ltd. | 1.84% | 0.61% |
| SBI Life Insurance Co. Ltd. | 0.73% | 0.59% |
| Ultratech Cement Ltd. | 1.24% | 0.49% |
| Interglobe Aviation Ltd. | 1.08% | 0.47% |
| Bajaj Auto Ltd. | 1.14% | 0.39% |
| Maruti Suzuki India Ltd. | 1.49% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.9% means 49.9% 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 SBI NIFTY Index Fund
| Security | % of fund |
|---|---|
| Infosys Ltd. | 3.36% |
| ITC Ltd. | 2.43% |
| Tata Consultancy Services Ltd. | 2.00% |
| Titan Company Ltd. | 1.81% |
| Hindustan Unilever Ltd. | 1.60% |
Largest holdings only in Sundaram Equity Savings Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd - 6.65% - 15/02/2027 | 2.64% |
| 6.48% Central Government Securities 06/10/2035 | 2.53% |
| Altius Telecom Infrastructure Trust | 1.66% |
| 7.37% Government Securities-23/10/2028 | 1.62% |
| 7.23% Central Government Securities 15/04/2039 | 1.59% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI NIFTY Index | Sundaram Equity Savings |
|---|---|---|
| Equity | 100.2% | 77.7% |
| Debt | 0.0% | 13.1% |
| Cash and others | -0.2% | 9.2% |
Market cap of stocks
| Market cap | SBI NIFTY Index | Sundaram Equity Savings |
|---|---|---|
| Large Cap | 98.8% | 60.8% |
| Mid Cap | 1.4% | 8.8% |
| Small Cap | 0.0% | 7.2% |
| Not on AMFI's list | 0.0% | 0.9% |
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 | SBI NIFTY Index | Sundaram Equity Savings |
|---|---|---|
| Banks | 29.6% | 23.5% |
| Telecom - Services | 5.1% | 9.3% |
| Petroleum Products | 7.6% | 7.4% |
| IT - Software | 7.5% | 0.0% |
| Automobiles | 6.7% | 4.1% |
| Finance | 5.5% | 4.7% |
| Construction | 4.2% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
SBI NIFTY Index vs Sundaram Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI NIFTY Index Fund | Sundaram Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.24% | 1.35% |
| Base expense ratio (Direct) | 0.16% | 0.70% |
| Total expense ratio (Regular) | 0.44% | 2.79% |
| Base expense ratio (Regular) | 0.33% | 1.96% |
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.
More comparisons
Each fund against the others of its category
SBI NIFTY Index Fund vs Sundaram Equity Savings Fund: Frequently Asked Questions
What is the difference between SBI NIFTY Index Fund and Sundaram Equity Savings Fund?
SBI NIFTY Index Fund is an Index fund, Sundaram Equity Savings Fund is an Equity Savings fund, run by SBI Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 49.9%. SBI NIFTY Index Fund charges 0.24% a year and Sundaram Equity Savings Fund 1.35%.
Which has given higher returns, SBI NIFTY Index Fund or Sundaram Equity Savings Fund?
Over 1 year: SBI NIFTY Index Fund −10.22%, Sundaram Equity Savings Fund −1.58%. Over 3 years: SBI NIFTY Index Fund +7.34% a year, Sundaram Equity Savings Fund +8.79% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI NIFTY Index Fund or Sundaram Equity Savings Fund?
SBI NIFTY Index Fund charges less: 0.24% a year against 1.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI NIFTY Index Fund and Sundaram Equity Savings Fund overlap?
49.9%. They hold 21 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, SBI NIFTY Index Fund or Sundaram Equity Savings Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,67,780 in SBI NIFTY Index Fund (XIRR -0.4% a year) and ₹3,94,914 in Sundaram Equity Savings Fund (XIRR 4.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both SBI NIFTY Index Fund and Sundaram Equity Savings Fund?
Yes. 49.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages SBI NIFTY Index Fund and Sundaram Equity Savings Fund?
SBI NIFTY Index Fund: Raviprakash Sharma. Sundaram Equity Savings Fund: Clyton Richard Fernandes, Rohit Seksaria, Kumaresh Ramakrishnan.
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.