SBI Nifty India Consumption Index Fund- Direct Plan- IDCW Payout

SBI Nifty India Consumption Index Fund- Direct Plan- IDCW Payout sits in the middle of the pack for Index Funds funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 60/100.

Cost: At 0.41%, the expense ratio is roughly in line with the Index Funds category average of 0.39% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.81 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 14.66% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to cost-conscious investors happy to simply match the market rather than try to beat it. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.