July 30, 2025
mayank
Navi Nifty Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 14.7619
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) 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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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 | 11.83% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 634 Cr |
| (As on 30-Jun-2025) | |
| Expense | 0.16% |
| (As on 30-Jun-2025) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | 50.00% |
Trailing Returns (%) of Navi Nifty Bank Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi Nifty Bank Index Dir | 11.04 | 0.24 | -2.04 | 2.03 | 14.88 | 10.04 | 15.03 | — | — | — |
| BSE Bankex TRI | 8.61 | 0.12 | -3.50 | -0.43 | 12.20 | 7.11 | 14.01 | — | — | — |
| Equity: Sectoral-Banking | 11.23 | 0.18 | -2.70 | 3.54 | 15.46 | 11.15 | 18.73 | — | — | — |
| Rank within category | 14 | 14 | 13 | 27 | 18 | 19 | 16 | — | — | — |
| Number of funds in category | 33 | 39 | 37 | 37 | 33 | 30 | 17 | 12 | 11 | 10 |
Peer Comparison of Navi Nifty Bank Index Fund
| 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 | 2 star | 10.04 | 15.03 | — | 0.16 | 634 | 11.83 | — | 3Y 5M | 50.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 star | 10.01 | 15.14 | 20.89 | 0.26 | 663 | 13.22 | 1.00 (15) | 5Y 10M | 24.00 |
| ICICI Pru Nifty Bank Index Dir | 1 star | 9.94 | 14.98 | — | 0.15 | 637 | 15.06 | — | 3Y 4M | 28.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 10.02 | 15.17 | 21.13 | 0.19 | 7,633 | 16.43 | — | 21Y 2M | 46.00 |
| Kotak Nifty Bank ETF | Unrated | 10.04 | 15.14 | 21.08 | 0.15 | 5,555 | 11.36 | — | 10Y 7M | 29.70 |
Portfolio Analysis of Navi Nifty Bank Index Fund
| No. of Stocks | 12 |
| Top 10 Stocks | 94.56% |
| Top 5 Stocks | 78.46% |
| Top 3 Sectors | 99.50% |
| Portfolio P/B Ratio | 2.13 |
| Portfolio P/E Ratio | 14.83 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,51,304 | 3,67,112 |
| Giant (%) | 78.85 | 65.16 |
| Large (%) | 7.95 | 18.78 |
| Mid (%) | 13.20 | 17.17 |
| Small (%) | — | 5.99 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Navi Nifty Bank Index Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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