Navi Nifty Bank Index Fund - Direct (G)
Index FundNAV
13.35(0.39%)Fund Size (CR)
₹532.87Expense Ratio
0.1Scheme Type
Passive FundValue Research
Min. investment
₹10Minimum Additional Investment
₹10Minimum SIP Investment
₹500Minimum Withdrawal
₹500Exit Load
0%Return Since Launch
10.37%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Aditya Mulki
Bench Mark
Nifty Bank TRI
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 23 December 2024 | 9927.18 | -0.73% | - | -0.14% | 826/990 |
| 1 Month | 29 November 2024 | 9785.53 | -2.14% | - | -0.48% | 804/954 |
| 3 Month | 30 September 2024 | 9611.95 | -3.88% | - | -3.76% | 410/868 |
| 6 Month | 28 June 2024 | 9751.07 | -2.49% | - | 1.79% | 639/794 |
| 1 Year | 29 December 2023 | 10620.22 | 6.20% | 6.20% | 13.68% | 680/690 |
| 3 Year | - | - | 0% | - | 13.51% | -/- |
| 5 Year | - | - | 0% | - | 16.04% | -/- |
| Since Inception | 4 February 2022 | 13318.60 | 33.19% | 10.37% | 10.78% | 385/998 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 January 2024 | 1,30,000 | 132932.98 | 2.26% | 2.26% |
| 3 Year | 2 March 2022 | 3,50,000 | 413489.79 | 18.14% | 5.71% |
| 5 Year | - | - | - | - | - |
| 10 Year | - | - | - | - | - |
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
4.19%
Standard Deviation
1.00%
Beta
0.56%
Sharpe Ratio
0.05%
Treynor's Ratio
-0.35%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| HDFC Bank | 29.44% | 873491 | 156.88 | Equity | Banks |
| ICICI Bank | 24.57% | 1007235 | 130.95 | Equity | Banks |
| St Bk of India | 10.26% | 651523 | 54.66 | Equity | Banks |
| Kotak Mah. Bank | 9.02% | 272253 | 48.06 | Equity | Banks |
| Axis Bank | 8.69% | 407478 | 46.30 | Equity | Banks |
| IndusInd Bank | 3.95% | 211422 | 21.05 | Equity | Banks |
| Federal Bank | 3.10% | 782798 | 16.50 | Equity | Banks |
| Bank of Baroda | 2.76% | 596279 | 14.69 | Equity | Banks |
| IDFC First Bank | 2.53% | 2105958 | 13.49 | Equity | Banks |
| Canara Bank | 2.06% | 1077650 | 10.99 | Equity | Banks |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Navi Nifty Bank Index Fund - Direct (G) | 532.87 | -2.14% | -3.88% | -2.49% | 6.20% | - | |
| ICICI Pru Nifty Pharma Index Fund-Dir (IDCW) | 81.27 | 4.46% | -0.34% | 17.84% | 37.81% | - | |
| ICICI Pru Nifty Pharma Index Fund-Dir (G) | 81.27 | 4.46% | -0.34% | 17.84% | 37.81% | - | |
| Motilal Oswal Nifty Microcap 250 Index Fund-Dir (G) | 1790.14 | -1.28% | -3.63% | 7.51% | 32.25% | - | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Fund-Dir (IDCW) | 766.59 | 0.79% | -4.18% | 2.41% | 31.98% | - | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Fund-Dir (G) | 766.59 | 0.79% | -4.18% | 2.41% | 31.98% | - |
News
Navi Mutual Fund Change in Minimum Application Amount
Navi Mutual Fund announces that the Minimum Application Amount for Navi Nifty Next 50 Index Fund stands modified as under with effect from December 13, 2024.Scheme Name Existing Revised Navi Nifty Next 50 Index Fund Rs. 10 and in multiples of Re. 1/- thereafter Rs.10 and in multiples of Re. 1/- thereafter
Rs.100/- and in multiples of Rs.1/-thereafter Powered by Capital Market - Live News
Navi Mutual Fund announces merger of Navi Overnight Fund Merger into Navi Liquid Fund
Navi Mutual Fund has approved the merger of Navi Overnight Fund Merger into Navi Liquid Fund, with effect from 15 November 2024.Powered by Capital Market - Live News
Navi Mutual Fund announces merger of Navi Conservative Hybrid Fund Merger into Navi Aggressive Hybrid Fund
Navi Mutual Fund has approved the merger of Navi Conservative Hybrid Fund Merger into Navi Aggressive Hybrid Fund, with effect from 15 November 2024.Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
17 January 2022
Total AUM (Cr)
₹532.87
Navi Nifty Bank Index Fund - Direct (G) is an Index Fund-oriented fund from the renowned AMC, Navi Mutual Fund. Launched in 17 January 2022, this fund is managed by Aditya Mulki. With assets under management (AUM) worth ₹532.87 (Cr), as of 1 January 2025, Navi Nifty Bank Index Fund - Direct (G) is categorized as a Index Fund within its segment. The fund has generated a return of 10.37% since its launch.
The current NAV of Navi Nifty Bank Index Fund - Direct (G) is ₹13.35, as on 1 January 2025. The fund's benchmark index is Nifty Bank TRI. You can invest in Navi Nifty Bank Index Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹10.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated undefined% and undefined% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 100.21% in Equity, -0.21% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 100.77% in Banks, -0.77% in Cash & Others
FAQs
How to Invest in Navi Nifty Bank Index Fund - Direct (G) Direct Growth?
Navi Nifty Bank Index Fund - Direct (G) is a popular fund in the Index Fund segment. The fund has generated a return of 10.37% since inception. Looking to invest in Navi Nifty Bank Index Fund - Direct (G) How about earning 1% extra return? All this is possible with m.Stock! Investing in Navi Nifty Bank Index Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Navi Nifty Bank Index Fund - Direct (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Navi Nifty Bank Index Fund - Direct (G) today and reap the benefits of this Index Fund fund!
How much returns has Navi Nifty Bank Index Fund - Direct (G) Direct Growth generated?
What is the expense ratio of Navi Nifty Bank Index Fund - Direct (G) Direct Growth?
What is the AUM of Navi Nifty Bank Index Fund - Direct (G) Fund Direct Growth?
How to redeem or withdraw money from Navi Nifty Bank Index Fund - Direct (G) Direct Growth?
Redeeming or selling units of Navi Nifty Bank Index Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Navi Nifty Bank Index Fund - Direct (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Navi Nifty Bank Index Fund - Direct (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).