Navi Nifty Bank Index Fund Direct Growth

Navi Nifty Bank Index Fund Direct Growth

Navi Nifty Bank Index Fund Direct Growth
Navi Nifty Bank Index Fund Direct Growth

Navi Nifty Bank Index Fund Direct Growth

Equity
Direct
Index Funds

NAV: ₹ 10 as on 26-09-2022

Fund Performance
zero opening, trading, fund transfer fee
1195 people have invested 55.2L in mutual fund in the last three months
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 Aditya Mulki. The fund could potentially beat inflation in the long-run.

Key parameters

1) Navi Nifty Bank Index Fund Direct Growth has a NAV of 9.9968 as on 26-09-2022.

2) Navi Nifty Bank Index Fund Direct Growth has 35 Cr worth of assets under management (AUM) as on 31-07-2022 and is less than category average.

3) The fund has an expense ratio 0.1 %.

Fund Overview

Expense ratio
Expense ratio
0.1%
Benchmark
Benchmark
IISL Nifty Bank TR INR
AUM
AUM
₹35 Cr
Inception Date
Inception Date
4 February, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹10/₹10
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Fund Distribution

  • Equity 99.9%
  • Debt & Cash 0.1%
Size breakup
Large cap
93.4%
Mid cap
6.5%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

100%

Top Holdings

  • All
  • Equity
Total Holdings12
Equity Holdings12

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 4.8 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 35 Cr
Jul'22
₹ 30.2 Cr
Jun'22
₹ 25.1 Cr

Fund Returns vs Benchmark

Aug'22
12.18%
8.93%
Jul'22
12.18%
8.93%
Jun'22
-5.75%
-4.49%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
12
12
12
Top 5 Company Concentration
83.9%
84.6%
85.2%
Company having highest exposure
HDFC Bank Ltd (25.7%)
HDFC Bank Ltd (26.2%)
HDFC Bank Ltd (27.6%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (99.9%)
Financial Services (99.9%)
Financial Services (99.8%)

Fund Manager

Aditya Mulki

Aditya Mulki

Managing this fund since 18 March 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Navi Large Cap Equity Fund Direct Plan Growth
10.34%
10.53%
Navi Large & Mid Cap Fund Direct Plan Growth
17.83%
18.17%
Navi Flexi Cap Fund Direct Growth
15.21%
16.36%

AMC details

Address
Peerless Mansion,3rd Floor,,1, Chowringhee Square
Phone
033-40185000/022-40635000
Fund House
Navi AMC Limited

Fund Highlights

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 0.1% since inception which is less than its category average return of 7.3%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.86% in Equity, 0% in Debt and 0.14% in Cash related instruments
AUM size ₹35 Cr

AUM size ₹35 Cr

This fund has AUM of ₹35 Cr which is less than its category average of ₹ 469 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 0.54%

Frequently Asked Questions

The current NAV of Navi Nifty Bank Index Fund Direct Growth is 10.
Existing (Absolute + CAGR)
Navi Nifty Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.99%
-0.99%
6 Month Returns
9.79%
9.79%
1 Year Returns
0%
0%
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 2022
35 Cr as on August 2022
HDFC Bank Ltd(25.67%),ICICI Bank Ltd(24.3%),Axis Bank Ltd(11.54%),State Bank of India(11.27%),Kotak Mahindra Bank Ltd(11.08%) as on August 2022
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
-
-
-
As on month end.
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
-
-
-
As on month end.
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
-
-
-
As on month end.
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
-
-
-
As on month end.
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 Bank Index Fund Direct Growth
The Exit load of Navi Nifty Bank Index Fund Direct Growth is 0%