- Mutual Funds
- Navi Nifty Bank Index Fund - Direct (G)
Navi Nifty Bank Index Fund - Direct (G)
Index Fund
- NAV 11.64 (0.75%)
- Fund Size (Cr) ₹403.16
- Expense Ratio 0.1
- Scheme Type Passive Fund
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Value Research
- Minimum investment ₹10
- Minimum Additional Investment ₹10
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹500
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Exit Load
0%
- Return Since Launch 8.68%
Basic Details
Aditya Mulki
Nifty Bank TRI
OPEN
Lumpsum Returns
SIP Returns
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%.
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
-
Navi Nifty Bank Index Fund - Direct (G)
- 403.16
- 4.94%
- 0.78%
- 2.36%
- 3.99%
- -
-
AXIS Nifty Smallcap 50 Index Fund - Dir (G)
- 107.8
- 12.45%
- 15.03%
- 40.39%
- 46.18%
- -
-
AXIS Nifty Smallcap 50 Index Fund - Dir (IDCW)
- 107.8
- 12.45%
- 15.03%
- 40.39%
- 46.18%
- -
-
Aditya Birla SL Nifty Smallcap 50 IF - Dir (IDCW)
- 100.42
- 12.77%
- 14.68%
- 39.92%
- 45.87%
- -
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Aditya Birla SL Nifty Smallcap 50 IF - Dir (G)
- 100.42
- 12.77%
- 14.68%
- 39.92%
- 45.87%
- -
-
Motilal Oswal S&P BSE Enhanced Value Index Fund-Dir (G)
- 54.79
- 14.35%
- 18.12%
- 38.75%
- 45.59%
- -
News
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Navi Mutual Fund Announces Appointment of Key Personnel
Navi Mutual Fund has announced that Ms. Priyanka Parakh has been appointed as the Head of Sales and shall be Key Personnel of Navi AMC Limited with effect from September 18, 2023.
Details of Ms. Priyanka Parakh
Age: 34 years
Designation: Head of Sales
Qualification: B.Com. NISM Certification - VA (August 2023)
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Navi Mutual Fund Announces Appointment of Key Personnel
Navi Mutual Fund has announced that Mr. Debapratim Paul has been appointed as the Equity Dealer and shall be Key Personnel of Navi AMC Limited with effect from August 01, 2023.
Details of Mr. Debapratim Paul
Age: 23 years
Designation: Equity Dealer
Qualification: B.E. Production Engineering, Jadavpur University, Batch of 2022.
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Navi Mutual Fund Announces change in Key Personnel
Navi Mutual Fund has announced that Mr. Debapratim Paul has been appointed as the Equity Dealer and shall be Key Personnel of Navi AMC Limited with effect from August 01, 2023.
Details of Mr. Debapratim Paul
Age: 23 years
Designation: Equity Dealer
Qualification: B.E. Production Engineering, Jadavpur University, Batch of 2022.
Mr. Rushabh Patel shall cease to be the Equity Dealer and thus shall not be Key Personnel of Navi AMC Limited with effect from July 31, 2023, end of business hours.
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Fund House Details & Investment Objective
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Date of Incorporation
17-Jan-2022
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Total AUM (Cr)
₹403.16
Navi Nifty Bank Index Fund - Direct (G) is an Index Fund-oriented fund from the renowned AMC, Navi Mutual Fund. Launched in Jan 2022, this fund is managed by Aditya Mulki. With assets under management (AUM) worth ₹403.16 (Cr), as of 01-Dec-2023, Navi Nifty Bank Index Fund - Direct (G) is categorized as a Index Fund within its segment. The fund has generated a return of 8.68% since its launch.
The current NAV of Navi Nifty Bank Index Fund - Direct (G) is ₹11.64, as on 01-Dec-2023. 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:
Exit load is not applicable
The fund has generated - and - 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 100.46% in Equity and -0.46% in cash and cash equivalents
The top 5 sectors the fund invests in are: 99.99% in Banks, 0.01% in Cash & Others,
FAQs on Navi Nifty Bank Index Fund - Direct (G)
Navi Nifty Bank Index Fund - Direct (G) is a popular fund in the Index Fund segment. The fund has generated a return of 8.68% 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!
In the short term, i.e., 1 year, Navi Nifty Bank Index Fund - Direct (G) has generated annualised return of 3.99%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 8.68% returns.
The expense ratio of Navi Nifty Bank Index Fund - Direct (G) Direct Growth is 0.1%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Navi Nifty Bank Index Fund - Direct (G) is ₹403.16 (Cr) as of 01 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
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).
Yes, you can invest both lumpsum and SIP in Navi Nifty Bank Index Fund - Direct (G). Minimum lumpsum investment Navi Nifty Bank Index Fund - Direct (G) is ₹10 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Navi Nifty Bank Index Fund - Direct (G) is ₹11.64 as on 01 December 2023.
The 5 biggest stock holdings of Navi Nifty Bank Index Fund - Direct (G) are:
HDFC Bank (29.34%), ICICI Bank (23.27%), Kotak Mah. Bank (10.07%), Axis Bank (9.88%), St Bk of India (9.71%)
A majority of Navi Nifty Bank Index Fund - Direct (G) 's AUM worth ₹403.16 (Cr) is invested in these 3 top sectors:
- Banks: 99.99%
- Cash & Others: .01%
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