Navi Nifty Next 50 Index Fund Direct Growth

Equity
Direct
Index Funds
Navi Nifty Next 50 Index Fund Direct Growth

About the Fund

Navi Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 19 January, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Navi Nifty Next 50 Index Fund Direct Growth has ₹363 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Navi Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 24.47% since inception. Over the last 1 year the fund has given a CAGR return of 65.69%.

Holdings

Navi Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Energy, Real Estate, Health, Communication. Its top holdings are Bharat Electronics Ltd, Trent Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Navi Nifty Next 50 Index Fund Direct Growth

The investment objective of the scheme is to achieve return equivalent to Nifty Next 50 Index by investing in stocks of companies comprising Nifty Next 50 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 Next 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
62867 people have invested ₹ 7.3Cr in Navi Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
7
/12
0% Performance
100% Cost
7 out of 12 among Index-Nifty-Next-50

Fund Overview

Expense ratio0.11%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹363 Cr
Inception Date19 January, 2022
Min Lumpsum/SIP₹10/₹10
Exit Load0%
Lock InNo Lock-in
TurnOver
55.7%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 100%

Large cap
91%

Mid cap
9.9%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
3%
Health
2.5%
Communication
2.4%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Navi Nifty Next 50 Index Fund Direct Growth Highlights

Risk 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 24.47% since inception which is more than its category average return of 22.01%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.86% in Equity, 0% in Debt and -0.86% in Cash related instruments
AUM size ₹363 Cr

AUM size ₹363 Cr

This fund has AUM of ₹363 Cr which is less than its category average of ₹ 752 Cr
Expense Ratio 0.11%

Expense Ratio 0.11%

This fund has an expense ratio of 0.11% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Navi Nifty Next 50 Index Fund Direct Growth is ₹16.91 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Navi Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
10.08%
10.08%
6 Month Returns
38.16%
38.16%
1 Year Returns
65.69%
65.69%
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.
0.11% as on May 2024
₹363 Cr as on May 2024
Bharat Electronics Ltd(5.3%), Trent Ltd(5.02%), Hindustan Aeronautics Ltd Ordinary Shares(4.65%), Tata Power Co Ltd(3.69%), Power Finance Corp Ltd(3.57%) as on May 2024
Financial Services(22.92%), Industrial(22.17%), Basic Materials(12.92%) as on May 2024
The alpha ratio for the Navi Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Navi Nifty Next 50 Index Fund Direct Growth
-0.81
-
-
As on May 2024
The alpha for Navi Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Navi Nifty Next 50 Index Fund Direct Growth
1
-
-
As on May 2024
The Beta for Navi Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth
3.04
-
-
As on May 2024
The sharpe ratio for Navi Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth
13.91
-
-
As on May 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 Next 50 Index Fund Direct Growth is 0%