Navi Nifty Bank Index Fund Regular Growth

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Index Funds
Index Funds
Rating N.A.
Plan

11.40 -0.02 (-0.19%) NAV as on 30 Nov, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)336.33
CAGR 2.54%
Exit Load0.00%
Expense ratio0.80%
CategoryIndex Funds
Min Investment10
Min SIP10
Launch Date2022-02-04

Asset Allocation

Holdings As On - 01 December 2023

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
94.38
28.06%

ICICI Bank
80.58
23.96%

Axis Bank
33.30
9.90%

State Bank Of India
31.24
9.29%

Kotak Mahindra Bank
31.07
9.24%

Indusind Bank
22.88
6.80%

Bank Of Baroda
8.88
2.64%

Federal Bank
8.62
2.56%

IDFC First Bank
7.41
2.20%

Peer Comparison

Risk & Volitility

Alpha 0.00%
Beta 0.00
Sharpe Ratio0.00
Std Deviation 0.00%
Tracking Error 0.00%

About Fund

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 336.33 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 10 and the minimum SIP is Rs 10.

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

The top holdings of the fund include HDFC Bank, ICICI Bank, Axis Bank & State Bank Of India.

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

Some of the similar funds are Motilal Oswal Nifty 50 Index Fund Regular Growth, Kotak Nifty 50 Index Fund Regular Growth, Nippon India Nifty 50 Value 20 Index Fund Regular Growth, Navi Nifty Bank Index Fund Regular Growth, Motilal Oswal Nifty Microcap 250 Index Fund Regular Growth. Navi Nifty Bank Index Fund Regular Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.