Navi Nifty Bank Index Fund Direct Growth

Navi Nifty Bank Index Fund Direct Growth

Equity

NAVI Mutual Fund

Index Funds

Get the latest NAV of Navi Nifty Bank Index Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹14.47

▲3.3%1D

NAV as on 12 May 2025

12.01%/per year

Since Inception

Absolute Gain%

▲▼

17566 people have invested ₹ 1.5Cr in Navi Nifty Bank Index Fund Direct Growth in the last three months

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Navi Nifty Bank Index Fund
-
585Cr
0.1%
17.13%
18.68%
12.01%
UTI Nifty 50 Index Fund Direct Growth
3/17
22,521Cr
0.17%
13.96%
17.46%
13.24%
ICICI Prudential Nifty 50 Index Fund Direct Growth
4/17
12,619Cr
0.19%
13.89%
17.4%
13.3%
HDFC Nifty 50 Index Fund Direct Growth
6/17
19,046Cr
0.2%
13.89%
17.42%
13.29%
See all

Navi Nifty Bank Index Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Navi Nifty Bank Index Fund Asset Allocation

See fund asset allocation details as on (15-Apr-25)

Fund Distribution

as on (15-Apr-25)

Equity 100%

Large cap
85.3%
Mid cap
14.8%
Mid Cap allocation has gone down from 15.3% to 14.8%
Mid Cap allocation has gone down from 15.3% to 14.8%
Large Cap allocation has gone up from 85.1% to 85.3%
Large Cap allocation has gone up from 85.1% to 85.3%
Cash allocation has gone up from -0.4% to -0.1%
Cash allocation has gone up from -0.4% to -0.1%

Navi Nifty Bank Index Fund Sector Allocation

See fund sector allocation details as on (15-Apr-25)

Sector Allocation

Equity 100%

Financial Services
100%

Top Sector in March was Financial Services

Mar'25

Financial Services

100%

Feb'25

Financial Services

100%

Navi Nifty Bank Index Fund Holdings Details

as on (30-Apr-25)

Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
28.3%
1.3%
ICICI Bank Ltd
25.41%
0.3%
Kotak Mahindra Bank Ltd
8.54%
-17.2%
State Bank of India
8.52%
7.7%
Axis Bank Ltd
8.41%
-1.3%
See all
Top Stocks bought last month
State Bank of India's allocation increased from 7.73% to 8.52%
State Bank of India's allocation increased from 7.73% to 8.52%
Bank of Baroda's allocation increased from 2.76% to 3.41%
Bank of Baroda's allocation increased from 2.76% to 3.41%
ICICI Bank Ltd's allocation increased from 24.79% to 25.41%
ICICI Bank Ltd's allocation increased from 24.79% to 25.41%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 29.01 % to 28.3 %
HDFC Bank Ltd's allocation decreased from 29.01 % to 28.3 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.9 % to 8.54 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.9 % to 8.54 %
Axis Bank Ltd's allocation decreased from 8.6 % to 8.41 %
Axis Bank Ltd's allocation decreased from 8.6 % to 8.41 %

Navi Nifty Bank Index Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.1%
Benchmark
Nifty Bank TR INR
AUM₹585 Cr
Inception Date4 February, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
24.79%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Navi Nifty Bank Index 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 ₹585 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Navi Nifty Bank Index Fund Direct Growth has given a CAGR return of 12.01% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 17.13% and 18.68% respectively.

Holdings

Navi Nifty Bank Index Fund Direct Growth has allocated its funds majorly in 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 100.00 and for SIP is INR 100.00. Navi Nifty Bank Index Fund Direct Growth has no lock in period.

Learn more about NAVI Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 585.1 Cr
₹ 533.9 Cr
₹ 519.7 Cr
  • AUM of the fund stands at 585.1 Cr as of Mar'25
  • AUM increased by 51.2 Cr between Mar'25 and Feb'25

Frequently Asked Questions for Navi Nifty Bank Index Fund Direct Growth

What is the current NAV of Navi Nifty Bank Index Fund Direct Growth?

The current NAV of Navi Nifty Bank Index Fund Direct Growth is ₹14.47 as on 12-May-2025.

What are the average returns of Navi Nifty Bank Index Fund Direct Growth?

Existing (Absolute + CAGR) as on 12-May-2025.
Navi Nifty Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.58%
8.58%
6 Month Returns
8.14%
8.14%
1 Year Returns
17.13%
17.13%
3 Years Returns
67.16%
18.68%

How do I invest in Navi Nifty Bank Index Fund Direct Growth?

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.

What is the expense ratio of Navi Nifty Bank Index Fund Direct Growth?

0.1% as on April 2025

What is net assets under management (AUM) of Navi Nifty Bank Index Fund Direct Growth?

₹585 Cr as on April 2025

What are the top 5 holdings of Navi Nifty Bank Index Fund Direct Growth?

HDFC Bank Ltd(28.3%), ICICI Bank Ltd(25.41%), Kotak Mahindra Bank Ltd(8.54%), State Bank of India(8.52%), Axis Bank Ltd(8.41%) as on April 2025

What is the alpha of Navi Nifty Bank Index Fund Direct Growth?

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
-0.22
-0.34
-
As on April 2025
The alpha for Navi Nifty Bank Index Fund Direct Growth is calculated against 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%.

What is the beta of Navi Nifty Bank Index Fund Direct Growth??

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
1
-
As on April 2025
The Beta for Navi Nifty Bank Index Fund Direct Growth is calculated with 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.

What is the sharpe ratio of Navi Nifty Bank Index Fund Direct Growth?

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
0.43
0.62
-
As on April 2025
The sharpe ratio for Navi Nifty Bank Index Fund Direct Growth is calculated with 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.

What is the standard deviation of Navi Nifty Bank Index Fund Direct Growth?

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
13.44
15.03
-
As on April 2025
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.

What is the Sortino ratio of Navi Nifty Bank Index Fund Direct Growth?

Sortino ratio is 1.15 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

What is the exit load of Navi Nifty Bank Index Fund Direct Growth?

The Exit load of Navi Nifty Bank Index Fund Direct Growth is 0%