Navi Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 24-01-2025
₹ 12.64
1D
Inception Returns
8.3%
/yr
About Navi Nifty Bank Index Fund Direct Growth
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 ₹524 Cr worth of assets under management (AUM) as on Nov 2024 and is less 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 8.26% since inception. Over the last 1 year the fund has given a CAGR return of 8.00%.
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, Axis Bank Ltd, State Bank of India
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 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 10.00 and for SIP is INR 10.00. Navi Nifty Bank Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Navi Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.1% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹524 Cr |
| Inception Date | 4 February, 2022 |
| Min Lumpsum/SIP | ₹10/₹10 |
| 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 |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.12% whereas the fund’s underlying benchmark Nifty Bank returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty Bank by 1.83% in Nov'24
- AUM of the fund stands at 532.9 Cr as of Dec'24
- AUM increased by 21.3 Cr between Dec'24 and Nov'24
Top Sector in December was Financial Services
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 9.9% |
Navi Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹524 Cr
Expense Ratio 0.1%
Frequently Asked Questions for Navi Nifty Bank Index Fund Direct Growth
Navi Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.62% | -5.62% |
6 Month Returns | -5.62% | -5.62% |
1 Year Returns | 8% | 8% |
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 Bank Index Fund Direct Growth | -0.23 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty Bank Index Fund Direct Growth | -0.03 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 11.56 | - | - |