Navi Nifty Bank Index Fund Direct Growth
NAV as on 28-03-2025
₹ 13.47
Inception Returns
10%
/yr
Historical NAV & Returns
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 ₹534 Cr worth of assets under management (AUM) as on Feb 2025 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 9.99% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.16% and 13.63% 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, 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 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.
Navi Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.1% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹534 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 |
Fund Distribution
as on (28-Feb-25)
- AUM of the fund stands at 533.9 Cr as of Feb'25
- AUM increased by 14.2 Cr between Feb'25 and Jan'25
Top Sector in February was Financial Services
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 13.4% |
 Axis Bank Ltd | 9.4% |
 HDFC Bank Ltd | 7.4% |
Navi Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹534 Cr
Expense Ratio 0.1%
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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 | 6.64% | 6.64% |
6 Month Returns | -4.32% | -4.32% |
1 Year Returns | 10.16% | 10.16% |
3 Years Returns | 46.7% | 13.63% |
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 | -0.35 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Navi Nifty Bank Index Fund Direct Growth | -0.07 | 0.34 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Navi Nifty Bank Index Fund Direct Growth | 11.09 | 14.34 | - |