Navi Nifty Next 50 Index Fund Regular Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.38
• Std Deviation 19.64%
• Tracking Error 0.00%

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 Index over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.

The Navi Nifty Next 50 Index Fund Regular Growth has an AUM of 1235.29 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 0.58%. The minimum investment in Navi Nifty Next 50 Index Fund Regular Growth is Rs 100 and the minimum SIP is Rs 10.

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

The top holdings of the fund include Zomato, Interglobe Aviation, Divis Laboratories & Jio Financial Services.

The major sectors where the fund is invested are Computer Services, Electric Utilities, Biotechnology & Drugs & Regional Banks.

Some of the similar funds are Tata Nifty 50 Index Fund Regular Plan, Navi Nifty Next 50 Index Fund Regular Growth, DSP Nifty Top 10 Equal Weight Index Fund Regular Growth, Nippon India Nifty Alpha Low Volatility 30 Index Fund Regular Growth, SBI Nifty Smallcap 250 Index Fund Regular Growth. Navi Nifty Next 50 Index Fund Regular Growth has a sharpe ratio of 0.38 & a standard deviation of 19.64%.