Navi Nifty Bank Index Fund Direct Growth
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.
₹15.07
▲0.7%1D
NAV as on 27 Jun 2025
12.89%/per year
Since Inception
▲▼
18102 people have invested ₹ 1.4Cr in Navi Nifty Bank Index Fund Direct Growth in the last three months
Peer comparison
Navi Nifty Bank Index Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Navi Nifty Bank Index Fund Asset Allocation
See fund asset allocation details as on (14-Jun-25)
Fund Distribution
as on (14-Jun-25)
Equity 96.2%
Debt & Cash 3.8%
Navi Nifty Bank Index Fund Sector Allocation
See fund sector allocation details as on (14-Jun-25)
Sector Allocation
Equity 96.2%
Debt & Cash 3.8%
Top Sector in May was Financial Services
Financial Services
100%
Financial Services
100%
Navi Nifty Bank Index Fund Holdings Details
as on (31-May-25)
Equity
Navi Nifty Bank Index Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.1% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹647 Cr |
| Inception Date | 4 February, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 24.79% |
| STCG | Selling mutual fund 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 |
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
- Navi Nifty Bank Index Fund Direct Growth has ₹647 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Navi Nifty Bank Index Fund Direct Growth has given a CAGR return of 12.89% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 9.42% and 19.90% respectively.
Holdings
Navi Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra 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 benefitDividends 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.
- AUM of the fund stands at 646.8 Cr as of May'25
- AUM increased by 61.7 Cr between May'25 and Apr'25
More funds from NAVI
3Y CAGR
▲ 29.58
3Y CAGR
▲ 26.85
3Y CAGR
▲ 23.47
5Y CAGR
▲ 24.38
3Y CAGR
▲ 20.16
Frequently Asked Questions for Navi Nifty Bank Index Fund Direct Growth
How do I invest in Navi Nifty Bank Index Fund?
- Download the INDmoney app.
- Search for ‘Navi Nifty Bank Index Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.