Navi Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 11.8 as on 20-09-2023
Fund Performance
66257 people have invested ₹ 1.7Cr in Navi Nifty Bank Index Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Nifty Bank Index Fund Direct Growth has given 10.2% return, outperforming this fund by 0.36%.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.1% which is lower than the category average expense ratio of 0.58%.
Over the last 6 months, this fund has experienced a 338.8% growth in AUM moving from 76.64 Cr to 336.33 Cr.
About the Fund
Navi Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 4 February, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Navi Nifty Bank Index Fund Direct Growth has ₹336 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.1.
Navi Nifty Bank Index Fund Direct Growth Overview
 | 0.1% |
 Benchmark | IISL Nifty Bank TR INR |
 | ₹336 Cr |
 | 4 February, 2022 |
 | ₹10/₹10 |
 | 0% |
 | No Lock-in |
 TurnOver | 31.99% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
91.3%
Mid cap
8.7%
Sector Allocation
Financial Services
100%
Top Holdings of Navi Nifty Bank Index Fund Direct Growth as on (31-Aug-23)
Equity Holdings12
Navi Nifty Bank Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -3.45% whereas the fund’s underlying benchmark Nifty Bank returns stands at -2.43% as on Aug'23
- This fund underperformed Nifty Bank by 1.01% in Aug'23
AUM Change
- AUM of the fund stands at 336.3 Cr as of Aug'23
- AUM increased by 28 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Navi Nifty Bank Index Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 6.6% |
 IDFC First Bank Ltd | 5.5% |
 Axis Bank Ltd | 1.4% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
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 10.78% since inception which is less than its category average return of 14.76%
Fund Allocations
This fund has an allocation of 99.98% in Equity, 0% in Debt and 0.02% in Cash related instruments
AUM size ₹336 Cr
This fund has AUM of ₹336 Cr which is less than its category average of ₹ 560 Cr
Expense Ratio 0.1%
This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of Navi Nifty Bank Index Fund Direct Growth is ₹11.79 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Navi Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.47% | 3.47% |
6 Month Returns | 15.93% | 15.93% |
1 Year Returns | 9.84% | 9.84% |
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.
0.1% as on August 2023
₹336 Cr as on August 2023
HDFC Bank Ltd(28.76%), ICICI Bank Ltd(24.33%), State Bank of India(10.01%), Kotak Mahindra Bank Ltd(9.51%), Axis Bank Ltd(9.46%) as on August 2023
The alpha ratio for the Navi Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi Nifty Bank Index Fund Direct Growth | -0.49 | - | - |
As on August 2023
The alpha for Navi Nifty Bank Index Fund Direct Growth is calculated against IISL Nifty Bank 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 Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 1 | - | - |
As on August 2023
The Beta for Navi Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank 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 Bank 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 Bank Index Fund Direct Growth | 0.41 | - | - |
As on August 2023
The sharpe ratio for Navi Nifty Bank Index Fund Direct Growth is calculated with IISL Nifty Bank 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 Bank 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 Bank Index Fund Direct Growth | 13.23 | - | - |
As on August 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.
The Exit load of Navi Nifty Bank Index Fund Direct Growth is 0%