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3 Year return

0
Jul '22Jul '2220232023Jul '23Jul '2320242024
Launched on January 2022 (3 years)

Investment Details

₹10

Minimum SIP Amount

₹10

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹360
Gain
  • 0.00%
  • ₹0
  • Total Value
  • ₹360

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹537.19 Cr.

Expense Ratio

0.1% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings
₹537.19Crores
Other Holdings% of Asset
IndusInd Bank6.46 %
Bank of Baroda3.38 %
Punjab Natl.Bank2.7 %
Federal Bank2.35 %
IDFC First Bank2.1 %
AU Small Finance1.97 %
Bandhan Bank1 %
Net CA & Others-0.28 %

Navi Mutual Fund Managers


Fund Manager since Apr 2022

Fund House Details

Navi Mutual Fund

Navi Mutual Fund Asset management company

AUM ₹4,944.33 Cr.
No. of Schemes 57
Setup Date

Peer Comparison

Comparison with other similar funds

Schemes by Navi Mutual Fund

List of mutual fund schemes by AMC

About Navi Nifty Bank Index Fund Direct Plan Growth

The Navi Nifty Bank Index Fund Direct Plan Growth is an open-ended index mutual fund scheme that tracks the performance of the Nifty Bank Index. The fund is managed by Navi Mutual Fund, one of the leading asset management companies in India.

Investment Objectives of the Scheme

The investment objective of the Navi Nifty Bank Index Fund Direct Plan Growth is to provide returns that closely correspond to the returns of the Nifty Bank Index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.1%
Fund Manager NA
Fund Size ₹537.19 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Navi Nifty Bank Index Fund Direct Plan Growth is a good option for investors who are looking for a low-cost and passive way to invest in the banking sector. The fund is suitable for investors who have a medium to long-term investment horizon and who are looking to earn returns that are in line with the performance of the banking sector. However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.

AMC Contact Details

Name Navi Mutual Fund
Launch Date NA
Addresss NA
Contact NA
Email NA
Website NA

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Navi Nifty Bank Index Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Navi Nifty Bank Index Fund on May 29 2024, is ₹12.6495