Navi Nifty IT Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 04-10-2024
₹ 12.06
▲0.4%
1D
Inception Returns
20.6%
/yr
About the Fund
Navi Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 26 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Navi Nifty IT Index Fund Direct Growth has ₹11 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Navi Nifty IT Index Fund Direct Growth has given a CAGR return of 20.56% since inception.
Holdings
Navi Nifty IT Index Fund Direct Growth has allocated its funds majorly in Tech, Cash Equivalent. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro 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 IT Index Fund Direct Growth
The investment objective of the scheme is to achieve return equivalent to Nifty IT Index by investing in stocks of companies comprising Nifty IT 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 IT Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.22% |
Benchmark | Nifty IT TR INR |
| AUM | ₹11 Cr |
| Inception Date | 26 March, 2024 |
| Min Lumpsum/SIP | ₹10/₹10 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 105.26% |
| STCG | Redeeming 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-Aug-24)
- This fund’s returns stands at 4.70% whereas the fund’s underlying benchmark Nifty IT returns stands at 0.90% as on Aug'24
- This fund outperformed Nifty IT by 3.80% in Aug'24
- AUM of the fund stands at 9.9 Cr as of Aug'24
- AUM has remained same between Aug'24 and Jul'24
Top Sector in August was Tech
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 11.5% |
 Wipro Ltd | 2.1% |
 Persistent Systems Ltd | 0% |
Navi Nifty IT Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.22%
Frequently Asked Questions
Navi Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.3% | -1.3% |
6 Month Returns | 19.13% | 19.13% |
1 Year Returns | 0% | 0% |
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 IT Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty IT Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty IT Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty IT Index Fund Direct Growth | - | - | - |