Navi Nifty IT Index Fund Direct Growth

Navi Nifty IT Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 13-03-2025

₹ 10.51

-0.5%

1D

Inception Returns

5.1%

/yr

About Navi Nifty IT Index Fund Direct Growth

Navi Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 26 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Navi Nifty IT Index Fund Direct Growth has ₹14 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Navi Nifty IT Index Fund Direct Growth has given a CAGR return of 5.13% since inception.

Holdings

Navi Nifty IT Index Fund Direct Growth has allocated its funds majorly in Tech, Cash Equivalent. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro 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 IT Index Fund Direct Growth

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

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
13809 people have invested ₹ 46L in Navi Nifty IT Index Fund Direct Growth in the last three months

Navi Nifty IT Index Fund Direct Growth Overview

Expense ratio0.22%
Benchmark
Nifty IT TR INR
AUM₹14 Cr
Inception Date26 March, 2024
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
105.26%
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

Fund Distribution

as on (31-Jan-25)

  • Equity 98.2%

  • Debt & Cash 1.8%

Large cap
83.5%

Mid cap
14.7%

Sector Allocation

Feb'25

Jan'25

Dec'24

Tech
100%
All changes are between Nov'24 and Jan'25
Dec'24
Nov'24
Fund Returns
0.40%
6.72%
Nifty IT
-2.60%
-0.71%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 13.6 Cr
₹ 14.7 Cr
₹ 13.8 Cr
  • AUM of the fund stands at 13.6 Cr as of Feb'25
  • AUM decreased by 1.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Infosys Ltd's allocation increased from 26.21% to 28.08%
Infosys Ltd's allocation increased from 26.21% to 28.08%
Wipro Ltd's allocation increased from 7.84% to 8.05%
Wipro Ltd's allocation increased from 7.84% to 8.05%
Top Stocks sold last month
Tata Consultancy Services Ltd's allocation decreased from 23.45 % to 23.13 %
Tata Consultancy Services Ltd's allocation decreased from 23.45 % to 23.13 %
HCL Technologies Ltd's allocation decreased from 10.49 % to 10.05 %
HCL Technologies Ltd's allocation decreased from 10.49 % to 10.05 %
Tech Mahindra Ltd's allocation decreased from 10.43 % to 9.69 %
Tech Mahindra Ltd's allocation decreased from 10.43 % to 9.69 %
Large Cap allocation has gone down from 84% to 83.5%
Large Cap allocation has gone down from 84% to 83.5%
Mid Cap allocation has gone down from 15.1% to 14.7%
Mid Cap allocation has gone down from 15.1% to 14.7%
Cash allocation has gone up from 0.9% to 1.8%
Cash allocation has gone up from 0.9% to 1.8%

Top Sector in February was Tech

Feb'25
Tech
100%
Jan'25
Tech
100%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
11
11
11
Top 5 Company Concentration
79%
78.4%
78.7%
Company having highest exposure
Infosys Ltd (28.1%)
Infosys Ltd (26.2%)
Infosys Ltd (26.4%)
No of Sectors
1
1
1
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Tech (100%)
Tech (100%)
Tech (100%)
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Fund House
Navi AMC Limited
Total Schemes
Total AUM
₹7.54K Cr
as on 31-Jan-2025
Address
Peerless Mansion,3rd Floor,,1, Chowringhee Square
Phone
033-40185000/022-40635000
Website
mf@navi.com

Navi Nifty IT 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 returns of 5.13% since inception (26th March 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 98.21% in Equity, 0% in Debt and 1.79% in Cash related instruments
AUM size ₹14 Cr

AUM size ₹14 Cr

This fund has AUM of ₹14 Cr which is less than its category average of ₹ 724 Cr
Expense Ratio 0.22%

Expense Ratio 0.22%

This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for Navi Nifty IT Index Fund Direct Growth

The current NAV of Navi Nifty IT Index Fund Direct Growth is ₹10.51 as on 13-Mar-2025.
Existing (Absolute + CAGR) as on 13-Mar-2025.
Navi Nifty IT Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-12.44%
-12.44%
6 Month Returns
-15.8%
-15.8%
1 Year Returns
0%
0%
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.
0.22% as on February 2025
₹14 Cr as on February 2025
Infosys Ltd(28.56%), Tata Consultancy Services Ltd(22.19%), HCL Technologies Ltd(10.4%), Tech Mahindra Ltd(9.75%), Wipro Ltd(8.12%) as on February 2025
The alpha ratio for the Navi Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Navi Nifty IT Index Fund Direct Growth
-
-
-
As on February 2025
The alpha for Navi Nifty IT Index Fund Direct Growth is calculated against Nifty IT 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 IT Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Navi Nifty IT Index Fund Direct Growth
-
-
-
As on February 2025
The Beta for Navi Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth
-
-
-
As on February 2025
The sharpe ratio for Navi Nifty IT Index Fund Direct Growth is calculated with Nifty IT 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 IT 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 IT Index Fund Direct Growth
-
-
-
As on February 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.
The Exit load of Navi Nifty IT Index Fund Direct Growth is 0%