Navi Nifty Bank Index Fund Regular Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.86
• Std Deviation 14.36%
• Tracking Error 0.00%

The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

The Navi Nifty Bank Index Fund Regular Growth has an AUM of 646.77 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.80%. The minimum investment in Navi Nifty Bank Index Fund Regular Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Hdfc Bank, Icici Bank, State Bank Of India & Axis Bank.

The major sectors where the fund is invested are Regional Banks.

Some of the similar funds are Motilal Oswal Nifty Bank Index Fund Regular Growth, Kotak Nifty Next 50 Index Fund Regular Growth, Navi Nifty Bank Index Fund Regular Growth, Aditya Birla Sun Life Nifty India Defence Index Fund Regular Growth, Motilal Oswal Nifty 500 Momentum 50 Index Fund Regular Growth. Navi Nifty Bank Index Fund Regular Growth has a sharpe ratio of 0.86 & a standard deviation of 14.36%.