September 26, 2026
mayank
Navi Nifty Bank Index Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 15.17 |
| NAV IDCW (Rs.) | — |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Bank TRI |
| AUM Rs. | 649 Cr |
| (As on 31-Aug-2026) | |
| Expense | 0.15% |
| 1 Year Return (%) | 1.35 |
| 3 Year Return (%) | 7.17 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 8.85% |
Suitable For Which Investors?
Banking funds are suitable for investors:
1. Wanting a small, supporting exposure to the financial services sector
2. Aiming for long term wealth creation
3. With a 7+ year investment horizon, who can withstand the sharper swings of a concentrated portfolio
Note:
• Most investors can skip these funds and stick to diversified equity funds instead
• If you choose to invest, do so only through SIP
• Being passively managed, the fund replicates the portfolio of its chosen benchmark index
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 | 8.85% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 649 Cr |
| (As on 31-Aug-2026) | |
| Expense | 0.15% |
| (As on 31-Aug-2026) | |
| Risk Grade | High |
| Return Grade | Below Average |
| Turnover | 35.00% |
Navi Nifty Bank Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi Nifty Bank Index Dir | -5.51 | -0.42 | -2.53 | -2.23 | 2.67 | 1.35 | 7.17 | — | — | — |
| BSE Financial Services TRI | -6.77 | -0.11 | -3.11 | -1.60 | 1.95 | -2.42 | 8.12 | — | — | — |
| Equity: Sectoral-Banking & Financial Services | -2.76 | 0.01 | -2.33 | -1.11 | 4.76 | 3.75 | 11.86 | — | — | — |
| Rank within category | 32 | 40 | 26 | 31 | 31 | 27 | 20 | — | — | — |
| Number of funds in category | 40 | 48 | 47 | 47 | 43 | 39 | 22 | 14 | 12 | 11 |
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 | 1 out of 5 stars | 1.35 | 7.17 | — | 0.15 | 649 | 8.85 | — | 4Y 7M | 35.00 |
| ICICI Pru Nifty Bank Index Dir | 2 out of 5 stars | 1.45 | 7.18 | — | 0.13 | 794 | 11.18 | — | 4Y 6M | 29.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 out of 5 stars | 1.34 | 7.15 | 8.78 | 0.23 | 676 | 11.02 | 1.00 (15) | 7Y | 27.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 1.41 | 7.20 | 8.82 | 0.16 | 8,397 | 15.54 | — | 22Y 3M | 37.00 |
| Kotak Nifty Bank ETF | Unrated | 1.46 | 7.24 | 8.81 | 0.13 | 4,466 | 10.24 | — | 11Y 9M | 68.23 |
Navi Nifty Bank Index Fund Portfolio Analysis
| No. of Stocks | 14 |
| Top 10 Stocks | 86.79% |
| Top 5 Stocks | 61.22% |
| Top 3 Sectors | 99.99% |
| Portfolio P/B Ratio | 1.71 |
| Portfolio P/E Ratio | 13.22 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,41,880 | 2,90,165 |
| Large (%) | 74.58 | 72.10 |
| Mid (%) | 25.42 | 20.52 |
| Small (%) | — | 12.50 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://navi.com/mutual-fund OR
https://play.google.com/store/apps/details?id=com.naviapp&pcampaignid=web_share
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance: https://sahifund.com/category/nfos/
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