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Navi Nifty Bank Index Fund Direct - Growth

NAV as of ( Sep 09, 2022 )

10.46 0.51 % 1-D Change


You get upto 0.71% extra returns

ET Money's Fund Report Card - Navi Nifty Bank Index Fund

Sorry! A report card for this scheme is not available because it has been in existence for less than 3 years.

Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

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Scheme Details

ET Money Rank Not yet ranked
VRO Rating N.A.
Expense ratio 0.1%  As on Apr 30, 2022
Exit Load 0%
AUM (Fund Size) 35 Crs
Lock-in No Lockin
Age 7 m Since Jan 15, 2022
Benchmark Nifty Bank TRI
Min. Investment

SIP 500  &

Lumpsum 500

About Navi Nifty Bank Index Fund

Navi Nifty Bank Index Fund Direct - Growth is a Sectoral-Banking mutual fund scheme from Navi Mutual Fund . This fund has been in existence for 7 m, having been launched on 15/01/2022. Navi Nifty Bank Index Fund Direct - Growth has ₹35 Crores worth of assets under management (AUM) as on 30/06/2022 and is small fund of its category. The fund has an expense ratio of 0.1%, which is less than what most other Sectoral-banking funds charge.
  • The fund has the majority of its money invested in Financial sectors. It has taken less exposure in Financial sectors compared to other funds in the category.
  • The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., State Bank of India, Kotak Mahindra Bank Ltd..
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Investment Returns Calculator

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You would have earned ₹ 1,001 more by investing in ET Money Direct Plan

Total value Profit
This fund
Category Average
Bank FD

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on Apr 30, 2022
Allocation by Market Cap

Large Cap 93.35%

Mid Cap 6.5%

Small Cap 0%

Other Cap 0%

Allocation by Sector

Financial 99.85%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Credit Quality

Bifurcation by Credit Quality is not available for this fund

Allocation by Instruments

Cash/Net Current Assets 0.15%

Other Holdings

Others 0.15%

Know in detail about the portfolio of this fund See detailed Portfolio Analysis

Comparison with sectoral-banking Funds

as on Sep 12, 2022
3.45 % p.a
This fund


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Trailing Returns and Ranks

as on Jul 19, 2022
Period Trailing returns Category average Rank within category
1 month 3.45% 2.99% 5 / 14
3 months 21.21% 20.73% 6 / 13
6 months 15.22% 14.09% 2 / 13


Level of Risk in the Scheme

Very High

Investors understand that their principal will be at Very High risk

Navi Nifty Bank Index Fund


The scheme seeks to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.

  • Std. Dev : -
  • Alpha : -
  • Beta : -
  • Sharpe : -
  • Sortino : -
  • Profile

    Aditya Mulki

    Mr. Mulki is a CFA and B.COM

    Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.

Navi Mutual Fund

Navi Mutual Fund



See all schemes


₹1,353 Crs

As on Jun 30, 2022

  • Email:
  • Phone: +91 80 4511 3444 / 1800-103-8999
  • Address: 7th Floor, Wing B, Prestige RMZ Startech,
    No. 139, 2, Hosur Rd
    Koramangala Industrial Layout, S.G. Palya.
    Bangalore, 560095

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Frequently asked questions

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of Navi Nifty Bank Index Fund for Sep 09, 2022 is 10.46 .

On ET Money, Investing in Navi Nifty Bank Index Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in Navi Nifty Bank Index Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of Navi Nifty Bank Index Fund is 0.1%.  .

Redeeming your investments in Navi Nifty Bank Index Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Navi Nifty Bank Index Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of Navi Nifty Bank Index Fund is ₹35 Crs.

The Navi Nifty Bank Index Fund has invested the majority of its money in the stocks of the following companies -

Company Percentage of Portfolio
HDFC Bank Ltd. 25.67%
ICICI Bank Ltd. 24.3%
Axis Bank Ltd. 11.54%
State Bank of India 11.27%
Kotak Mahindra Bank Ltd. 11.08%
Indusind Bank Ltd. 5.91%
AU Small Finance Bank Ltd. 2.46%
Bank Of Baroda 2%
Federal Bank Ltd. 1.92%
Bandhan Bank Ltd. 1.58%

The Navi Nifty Bank Index Fund has primarily invested in the following sectors

Sector Percentage of Portfolio
Financial 99.85%
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