Navi Nifty Bank Index Fund Direct Growth

Navi Nifty Bank Index Fund Direct Growth

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Equity
Direct
Index Funds

NAV: ₹ 11.8 as on 20-09-2023

Fund Performance
zero opening, trading, fund transfer fee
66257 people have invested ₹ 1.7Cr in Navi Nifty Bank Index Fund Direct Growth in the last three months

Fund Insights

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In the last 1 year, Motilal Oswal Nifty Bank Index Fund Direct Growth has given 10.2% return, outperforming this fund by 0.36%.
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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%.
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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

  1. 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.
  2. The fund has an expense ratio 0.1.

Navi Nifty Bank Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.1%
Benchmark
Benchmark
IISL Nifty Bank TR INR
AUM
AUM
₹336 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
31.99%

Fund Distribution as on (31-Aug-23)

  • Equity 100%

  • Debt & Cash 0%

Size breakup

Large cap
91.3%
Mid cap
8.7%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

100%

Top Holdings of Navi Nifty Bank Index Fund Direct Growth as on (31-Aug-23)

  • Equity

Equity Holdings12

Navi Nifty Bank Index Fund Direct Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-3.45%
1.87%
1.44%
Nifty Bank
-2.43%
2.23%
3.79%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 336.3 Cr
₹ 308.3 Cr
₹ 124.7 Cr
  • 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

Fund Highlights

Risk meter
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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 10.78% since inception which is less than its category average return of 14.76%
Fund Allocations

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

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%

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.
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  • 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%