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NAV as of ( Sep 09, 2022 )
₹ 10.46 0.51 % 1-D Change
You get upto 0.71% extra returns
Sorry! A report card for this scheme is not available because it has been in existence for less than 3 years.
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Fresh Investments closed in this fund!
This fund is no longer available to invest
|ET Money Rank||Not yet ranked|
|Expense ratio||0.1% As on Apr 30, 2022|
|AUM (Fund Size)||₹ 35 Crs|
|Age||7 m Since Jan 15, 2022|
|Benchmark||Nifty Bank TRI|
SIP ₹ 500 &
Lumpsum ₹ 500
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You would have earned ₹ 1,001 more by investing in ET Money Direct Plan
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.
Large Cap 93.35%
Mid Cap 6.5%
Small Cap 0%
Other Cap 0%
Bifurcation by Holding is not available for this fund
Bifurcation by Credit Quality is not available for this fund
Cash/Net Current Assets 0.15%
Know in detail about the portfolio of this fund See detailed Portfolio Analysis
|Fund name||Annual Return %||Consistency||Value Research Rating|
|Nippon India Banking & Financial Services Fund||15.3%|
|Navi Nifty Bank Index Fund||15.22%|
|ICICI Prudential Nifty Bank Index Fund||15.18%|
|Motilal Oswal Nifty Bank Index Fund||15.18%|
|SBI Banking & Financial Services Fund||14.88%|
|Sundaram Financial Services Opportunities Fund||14.48%|
|Mirae Asset Banking and Financial Services Fund||12.67%|
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|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
Investors understand that their principal will be at Very High risk
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.
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.
As on Jun 30, 2022
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 -
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|