Navi Nifty IT Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 9.48 as on 02-05-2024
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 ₹8 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
Fund Performance
1739 people have invested ₹ 13.2L in Navi Nifty IT Index Fund Direct Growth in the last three months
Overview
 | 1% |
 Benchmark | Nifty IT TR INR |
 | ₹8 Cr |
 | 26 March, 2024 |
 | ₹10/₹10 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
Navi Nifty IT Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
87.9%
Mid cap
16%
Sector Allocation
Tech
100%
Top Holdings of Navi Nifty IT Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings10
Gainers & Losers Returns for the month of Dec
Top Growth Drivers | 1M Return |
|---|---|
 Tech Mahindra Ltd | 2.2% |
Top Losers | 1M Return |
|---|---|
 Persistent Systems Ltd | -15.2% |
 HCL Technologies Ltd | -10.6% |
 Infosys Ltd | -4.2% |
Peer Analysis
Navi Nifty IT Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
Fund Allocations
This fund has an allocation of 103.91% in Equity, 0% in Debt and -3.91% in Cash related instruments
AUM size ₹8 Cr
This fund has AUM of ₹8 Cr which is less than its category average of ₹ 681 Cr
Expense Ratio 1%
This fund has an expense ratio of 1% which is more than its category average expense ratio of 0.51%
Frequently Asked Questions
The current NAV of Navi Nifty IT Index Fund Direct Growth is ₹9.48 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Navi Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.97% | -4.97% |
6 Month Returns | 0% | 0% |
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.
1% as on April 2024
₹8 Cr as on April 2024
Infosys Ltd(27.33%), Tata Consultancy Services Ltd(25.36%), HCL Technologies Ltd(10.55%), Tech Mahindra Ltd(10.17%), Wipro Ltd(8.69%) as on April 2024
The alpha ratio for the Navi Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi Nifty IT Index Fund Direct Growth | - | - | - |
As on April 2024
The alpha for Navi Nifty IT Index Fund Direct Growth is calculated against Nifty IT 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 IT Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty IT Index Fund Direct Growth | - | - | - |
As on April 2024
The Beta for Navi Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for Navi Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth | - | - | - |
As on April 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 IT Index Fund Direct Growth is 0%