July 22, 2024
mayank
Navi Nifty Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.6403
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Aditya Mulki
Education: Mr. Mulki is a CFA and B.COM
Experience: Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
2) Ashutosh Shirwaikar
Education: Mr. Shirwaikar has done MMS and CFA
Experience: Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Investment Details
| Min. Investment (Rs) | 10 |
| Min. Addl Investment (Rs) | 10 |
| Min. SIP Investment (Rs) | 10 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Navi Nifty Bank Index Fund
| Fund House | Navi Mutual Fund |
| Launch Date | 04-Feb-22 |
| Return Since Launch | 13.48% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 581 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.10% |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 27.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi Nifty Bank Index Dir | 8.77 | -0.66 | 1.77 | 10.50 | 14.96 | 15.09 | — | — | — | — |
| BSE Bankex TRI | 11.42 | -0.69 | 3.05 | 12.79 | 16.89 | 17.91 | — | — | — | — |
| Equity: Sectoral-Banking | 12.73 | -0.99 | 1.95 | 10.70 | 14.03 | 25.59 | — | — | — | — |
| Rank within category | 20 | 2 | 17 | 15 | 8 | 19 | — | — | — | — |
| Number of funds in category | 23 | 30 | 29 | 26 | 23 | 20 | 14 | 11 | 11 | 8 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Navi Nifty Bank Index Dir | Unrated | 15.09 | — | — | 0.10 | 581 | 13.48 | — | 2Y 5M | 27.00 |
| Motilal Oswal Nifty Bank Index Dir | 1 star | 15.05 | 14.79 | — | 0.32 | 608 | 14.36 | 1.00 (15) | 4Y 10M | 36.00 |
| ICICI Pru Nifty Bank Index Dir | Unrated | 15.12 | — | — | 0.20 | 454 | 18.29 | — | 2Y 4M | 53.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 15.25 | 14.88 | 12.00 | 0.19 | 6,990 | 16.88 | — | 20Y 1M | 42.00 |
| Kotak Nifty Bank ETF | Unrated | 15.24 | 14.83 | 11.96 | 0.16 | 6,182 | 11.73 | — | 9Y 7M | 33.51 |
Portfolio Analysis of Navi Nifty Bank Index Fund
| No. of Stocks | 12 |
| Top 10 Stocks | 96.91% |
| Top 5 Stocks | 81.89% |
| Top 3 Sectors | 99.71% |
| Portfolio P/B Ratio | 2.33 |
| Portfolio P/E Ratio | 15.63 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,27,923 | 3,45,243 |
| Giant (%) | 82.13 | 64.88 |
| Large (%) | 10.53 | 18.50 |
| Mid (%) | 7.34 | 13.07 |
| Small (%) | — | 6.85 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Navi Nifty Bank Index Fund
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