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
- Navi Nifty Bank Index Fund Direct Growth has ₹581 Cr worth of assets under management (AUM) as on Jun 2024 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 12.64% since inception. Over the last 1 year the fund has given a CAGR return of 12.42%.
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, 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends 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 Overview
| Expense ratio | 0.1% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹581 Cr |
| Inception Date | 4 February, 2022 |
| Min Lumpsum/SIP | ₹10/₹10 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 31.99% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 4.8% |
Navi Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹581 Cr
Expense Ratio 0.1%
Frequently Asked Questions
Navi Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.69% | -0.69% |
6 Month Returns | 14.43% | 14.43% |
1 Year Returns | 12.42% | 12.42% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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 | -0.43 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 0.71 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 14.56 | - | - |