Navi Nifty Bank Index Fund Direct Growth
NAV as on 22-04-2025
₹ 14.54
▲0.6%
1D
Inception Returns
12.4%
/yr
Historical NAV & Returns
About Navi Nifty Bank Index Fund Direct Growth
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 ₹585 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Navi Nifty Bank Index Fund Direct Growth has given a CAGR return of 12.40% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 16.90% and 16.16% respectively.
Holdings
Navi Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Navi Nifty Bank Index Fund Direct Growth
The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Navi Nifty Bank Index Fund Direct Growth has no lock in period.
Navi Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.1% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹585 Cr |
| Inception Date | 4 February, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 24.79% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
- This fund’s returns stands at 6.64% whereas the fund’s underlying benchmark Nifty Bank returns stands at 6.33% as on Mar'25
- This fund outperformed Nifty Bank by 0.31% in Mar'25
- AUM of the fund stands at 585.1 Cr as of Mar'25
- AUM increased by 51.2 Cr between Mar'25 and Feb'25
Top Sector in March was Financial Services
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 28.3% | 1.3% | |
 ICICI Bank Ltd | 25.41% | 0.3% | |
 Kotak Mahindra Bank Ltd | 8.54% | -17.2% | |
 State Bank of India | 8.52% | 7.7% | |
 Axis Bank Ltd | 8.41% | -1.3% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Navi Nifty Bank Index Fund Direct Growth | 16.9% | 16.16% | - | 12.4% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 16.85% | 16.28% | 23.24% | 13.6% |
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth | 10.25% | 21.38% | 32.85% | 25.64% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 9.27% | 13.13% | 22.45% | 13.02% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 7.1% |
 ICICI Bank Ltd | 3.8% |
 Kotak Mahindra Bank Ltd | 3% |
Navi Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹585 Cr
Expense Ratio 0.1%
More funds from NAVI
3Y CAGR
▲ 21.07
3Y CAGR
▲ 15.49
5Y CAGR
▲ 25.72
5Y CAGR
▲ 22.25
3Y CAGR
▲ 13.41
Frequently Asked Questions for Navi Nifty Bank Index Fund Direct Growth
Navi Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 9.97% | 9.97% |
6 Month Returns | 8.45% | 8.45% |
1 Year Returns | 16.9% | 16.9% |
3 Years Returns | 56.75% | 16.16% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi Nifty Bank Index Fund Direct Growth | -0.22 | -0.35 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 0.29 | 0.47 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 12.63 | 14.71 | - |