Navi Nifty Bank Index Fund Direct Growth
EquityIndex FundsVery High Risk
Direct
NAV (21-Nov-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹512 Cr
Expense Ratio
0.10%
ISIN
INF959L01FT4
Minimum SIP
₹10
Exit Load
No Charges
Inception Date
04 Feb 2022
About this fund
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.17, Assets Under Management (AUM) of 511.56 Crores, and an expense ratio of 0.1%.
- Navi Nifty Bank Index Fund Direct Growth has given a CAGR return of 10.41% since inception.
- The fund's asset allocation comprises around 100.76% in equities, 0.00% in debts, and -0.76% in cash & cash equivalents.
- You can start investing in Navi Nifty Bank Index Fund Direct Growth with a SIP of ₹10 or a Lumpsum investment of ₹10.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+16.08%
— (Cat Avg.)
Since Inception
+10.41%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹515.43 Cr | 100.76% |
| Others | ₹-3.86 Cr | -0.76% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹147.99 Cr | 28.93% |
| ICICI Bank Ltd | Equity | ₹127.05 Cr | 24.84% |
| State Bank of India | Equity | ₹52.16 Cr | 10.20% |
| Axis Bank Ltd | Equity | ₹46.12 Cr | 9.02% |
| Kotak Mahindra Bank Ltd | Equity | ₹46.01 Cr | 8.99% |
| IndusInd Bank Ltd | Equity | ₹21.79 Cr | 4.26% |
| The Federal Bank Ltd | Equity | ₹15.58 Cr | 3.05% |
| Bank of Baroda | Equity | ₹14.61 Cr | 2.86% |
| IDFC First Bank Ltd | Equity | ₹13.55 Cr | 2.65% |
| Canara Bank | Equity | ₹10.8 Cr | 2.11% |
| AU Small Finance Bank Ltd | Equity | ₹10.71 Cr | 2.09% |
| Punjab National Bank | Equity | ₹9.06 Cr | 1.77% |
| Treps/Reverse Repo/Net Current Assets/Cash/Cash Equivalent | Cash | ₹-3.86 Cr | 0.76% |
Allocation By Market Cap (Equity)
Large Cap Stocks
92.97%
Mid Cap Stocks
7.79%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹515.43 Cr | 100.76% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Aditya Mulki
Since March 2022
Additional Scheme Detailsas of 31st October 2024
ISIN INF959L01FT4 | Expense Ratio 0.10% | Exit Load No Charges | Fund Size ₹512 Cr | Age 2 years 9 months | Lumpsum Minimum ₹10 | Fund Status Open Ended Investment Company | Benchmark Nifty Bank TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Index Funds Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹565.80 Cr | 29.4% |
| ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹565.80 Cr | 28.7% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹471.41 Cr | 33.6% |
| SBI Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹670.31 Cr | 28.8% |
| DSP Nifty 50 Equal Weight Index Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹1886.93 Cr | 20.2% |
| SBI Nifty Smallcap 250 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹1190.98 Cr | 28.6% |
| SBI Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹670.31 Cr | 29.5% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹471.41 Cr | 34.3% |
| DSP Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹1886.93 Cr | 20.9% |
| SBI Nifty Smallcap 250 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹1190.98 Cr | 27.8% |
About the AMC
Navi Mutual Fund
Total AUM
₹7,258 Cr
Address
3rd Floor, Kolkata, 700 069
Other Funds by Navi Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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- Aditya Mulki
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