Navi Nifty Bank Index Fund Direct Growth

Equity
Direct
Index Funds
Navi Nifty Bank Index Fund Direct Growth

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

  1. Navi Nifty Bank Index Fund Direct Growth has ₹538 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Navi Nifty Bank Index Fund Direct Growth has given a CAGR return of 13.44% since inception. Over the last 1 year the fund has given a CAGR return of 18.26%.

Holdings

Navi Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

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 10.00 and for SIP is INR 10.00. Navi Nifty Bank Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
42875 people have invested ₹ 2.5Cr in Navi Nifty Bank Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.1%
Benchmark
IISL Nifty Bank TR INR
AUM₹538 Cr
Inception Date4 February, 2022
Min Lumpsum/SIP₹10/₹10
Exit Load0%
Lock InNo Lock-in
TurnOver
31.99%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Large cap
92%

Mid cap
7.6%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
100%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Navi Nifty Bank Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.44% since inception which is less than its category average return of 21.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹538 Cr

AUM size ₹538 Cr

This fund has AUM of ₹538 Cr which is less than its category average of ₹ 747 Cr
Expense Ratio 0.1%

Expense Ratio 0.1%

This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of Navi Nifty Bank Index Fund Direct Growth is ₹13.47 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Navi Nifty Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.69%
7.69%
6 Month Returns
8.46%
8.46%
1 Year Returns
18.26%
18.26%
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 May 2024
₹538 Cr as on May 2024
HDFC Bank Ltd(29.29%), ICICI Bank Ltd(23.23%), Axis Bank Ltd(9.74%), State Bank of India(9.63%), Kotak Mahindra Bank Ltd(8.19%) as on May 2024
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
-0.44
-
-
As on May 2024
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 May 2024
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
0.37
-
-
As on May 2024
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
13.28
-
-
As on May 2024
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%