Navi Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 11.9 as on 29-05-2023
Fund Performance
387279 people have invested ₹ 23.7Cr in Navi Nifty 50 Index Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
1
/15
67% Performance
100% Cost
1 out of 15 among Index-Nifty-50
Pros
Low tracking error in the category
Among most bought funds within the category
Cons
No bad points found for this fund.
About the Fund
Navi Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 15 July, 2021. The fund is managed by Aditya Mulki. The fund could potentially beat inflation in the long-run.
Key parameters
1) Navi Nifty 50 Index Fund Direct Growth has a NAV of ₹11.8688 as on 29-05-2023.
2) Navi Nifty 50 Index Fund Direct Growth has ₹779 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.
3) The fund has an expense ratio 0.06 %.
Navi Nifty 50 Index Fund Direct Growth Overview
 | 0.06% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹779 Cr |
 | 15 July, 2021 |
 | ₹10/₹10 |
 | 0% |
 | No Lock-in |
 TurnOver | 27.78% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
100.1%
Sector Allocation
Financial Services
38.4%
Energy
12.8%
Tech
12.7%
Consumer Defensive
9.7%
Consumer Cyclical
6.9%
Basic Materials
6.8%
Industrial
4.3%
Health
3.8%
Communication
2.5%
Utilities
2.1%
Top Holdings of Navi Nifty 50 Index Fund Direct Growth as on (30-Apr-23)
Equity Holdings50
Navi Nifty 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.31% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.52% as on Apr'23
- This fund outperformed Nifty 50 by 0.83% in Apr'23
AUM Change
- AUM of the fund stands at 778.9 Cr as of Apr'23
- AUM increased by 56.7 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Navi Nifty 50 Index Fund Direct Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 ITC Ltd | 12.3% |
 Kotak Mahindra Bank Ltd | 11% |
 HDFC Bank Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
 Tech Mahindra Ltd | -7.2% |
 Hindustan Unilever Ltd | -3.1% |
Peer Analysis
Navi Nifty 50 Index Fund Direct Growth Fund Manager
Aditya Mulki
Fund Manager of Navi Nifty 50 Index Fund Direct Growth, since 18 March 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 9.6% since inception which is more than its category average return of 8.48%
Fund Allocations
This fund has an allocation of 100.06% in Equity, 0% in Debt and -0.06% in Cash related instruments
AUM size ₹779 Cr
This fund has AUM of ₹779 Cr which is more than its category average of ₹ 494 Cr
Expense Ratio 0.06%
This fund has an expense ratio of 0.06% which is less than its category average expense ratio of 0.57%
Frequently Asked Questions
The current NAV of Navi Nifty 50 Index Fund Direct Growth is ₹11.87 as on 29-May-2023.
Existing (Absolute + CAGR) as on 29-May-2023.
Navi Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.16% | 3.16% |
6 Month Returns | 0.17% | 0.17% |
1 Year Returns | 14.85% | 14.85% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.06% as on April 2023
₹779 Cr as on April 2023
Reliance Industries Ltd(10.33%), HDFC Bank Ltd(9.38%), ICICI Bank Ltd(8.08%), Housing Development Finance Corp Ltd(6.34%), Infosys Ltd(5.64%) as on April 2023
Financial Services(38.47%), Energy(12.82%), Tech(12.74%) as on April 2023
The alpha ratio for the Navi Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi Nifty 50 Index Fund Direct Growth | -0.22 | - | - |
As on April 2023
The alpha for Navi Nifty 50 Index Fund Direct Growth is calculated against IISL Nifty 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Navi Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty 50 Index Fund Direct Growth | 1 | - | - |
As on April 2023
The Beta for Navi Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Navi Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty 50 Index Fund Direct Growth | 0.11 | - | - |
As on April 2023
The sharpe ratio for Navi Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Navi Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty 50 Index Fund Direct Growth | 15.41 | - | - |
As on April 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Aditya Mulki is the fund manager of Navi Nifty 50 Index Fund Direct Growth
The Exit load of Navi Nifty 50 Index Fund Direct Growth is 0%