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Navi Nifty Bank Index Fund Direct-growth
Equity
Large Cap
Very High Risk
Latest AUM
₹ 637.9 Cr.
NAV as on 03 aug, 2026
₹ 15.37
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Navi Nifty Bank Index Fund Direct-growth
Inception Date
04 Feb 2022
Lock In
No Lock-in
Risk
Principal at very high risk
Category Average Annual Returns
10.43
Portfolio Composition Analysis
Equity
99.66%
Cash
0.34%
Portfolio Updated on: 10 Jul, 2026
Sector Allocations
Equity
Financial
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 27.69% |
| HDFC Bank Ltd | Financial | Equity | 28.02% |
| HDFC Bank Ltd | Financial | Equity | 28.02% |
| HDFC Bank Ltd | Financial | Equity | 28.62% |
| HDFC Bank Ltd | Financial | Equity | 28.53% |
| HDFC Bank Ltd | Financial | Equity | 25.19% |
| ICICI Bank Ltd | Financial | Equity | 26.06% |
| ICICI Bank Ltd | Financial | Equity | 23.04% |
| ICICI Bank Ltd | Financial | Equity | 24.41% |
| ICICI Bank Ltd | Financial | Equity | 23.05% |
Debt & Credit Risk Analysis
| Alpha | -1.56% |
| Beta | 1.03% |
| R2 | 0.95% |
| Sharpe Ratio | 0.23% |
| Standard Deviation | 16.76% |
| Sortino Ratio | 0.28% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 6.74% | NA | 2.31% |
| 6 Months | -2.56% | NA | 15.50% |
| 9 Months | 0.60% | NA | 10.67% |
| 1 Year | 5.24% | 5.24% | 10.43% |
| 2 Years | 14.70% | 7.10% | 18.38% |
| 3 Years | 33.14% | 10.01% | 17.78% |
Navi Nifty Bank Index Fund Direct-growth is one Equity mutual fund offered by Navi Mutual Fund. Launched on 04 Feb 2022, the fund aims Capital appreciation over the long term. Equity and equity related securities covered by Nifty Bank Index. Return that corresponds to the performance of Nifty Bank Index, subject to tracking error. It manages assets worth ₹637.9 crore as on Tue Jun 30, 2026. The expense ratio stands at 0.24%.
Ashutosh Shirwaikar has experience Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Nippon India Etf Nifty Psu Bank Bees | 4,079.2 | +0.90% | +0.57% | -3.39% | +25.39% | +24.20% | +28.38% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,459.6 | +0.90% | +0.54% | -3.40% | +25.36% | +24.21% | +28.35% |
| Invesco India Financial Services Fund Direct-growth | 1,812.3 | +0.18% | +6.47% | +2.12% | +11.23% | +20.34% | +15.91% |
| Invesco India Financial Services Fund Direct-idcw | 1,812.3 | +0.18% | +6.47% | +2.12% | +11.23% | +20.34% | +15.91% |
| Sundaram Financial Services Opportunities Fund Direct-growth | 1,681.4 | +0.25% | +6.24% | +0.03% | +10.26% | +15.32% | +15.61% |
| Sundaram Financial Services Opportunities Fund Direct-idcw | 1,681.4 | +0.25% | +6.24% | +0.03% | +10.26% | +15.32% | +15.61% |
| Mirae Asset Banking And Financial Services Fund Direct-growth | 2,304.9 | +0.68% | +6.08% | -0.21% | +9.00% | +14.87% | +14.63% |
| Mirae Asset Banking And Financial Services Fund Direct-idcw | 2,304.9 | +0.68% | +6.08% | -0.21% | +9.00% | +14.87% | +14.63% |
| Nippon India Banking & Financial Services Fund Direct-growth | 7,788.6 | -0.22% | +5.35% | -0.85% | +7.16% | +14.44% | +14.52% |
| Nippon India Banking & Financial Services Fund Direct-idcw | 7,788.6 | -0.22% | +5.35% | -0.85% | +7.16% | +14.44% | +14.52% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Navi Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Navi Nifty Bank Index Fund Regular-growth | 637.9 | +0.59% | +6.50% | -2.96% | +4.40% | +9.19% | — |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Banking And Financial Services Direct Plan-growth | 11,034.2 | -0.69% | +4.45% | -3.12% | +0.74% | +11.42% | +10.69% |
| ICICI Prudential Banking And Financial Services-growth | 11,034.2 | -0.75% | +4.25% | -3.47% | -0.03% | +10.55% | +9.79% |
| ICICI Prudential Banking And Financial Services-idcw | 11,034.2 | -0.75% | +4.25% | -3.47% | -0.03% | +10.55% | +9.79% |
| ICICI Prudential Banking And Financial Services Direct Plan-idcw | 11,034.2 | -0.69% | +4.45% | -3.12% | +0.74% | +11.42% | +10.69% |
| SBI Banking & Financial Services Fund Direct-growth | 10,844.8 | -0.02% | +4.11% | -2.99% | +7.15% | +17.61% | +14.11% |
| SBI Banking & Financial Services Fund Regular-growth | 10,844.8 | -0.11% | +3.85% | -3.47% | +6.08% | +16.37% | +12.85% |
| SBI Banking & Financial Services Fund Direct-idcw | 10,844.8 | -0.02% | +4.11% | -2.99% | +7.15% | +17.61% | +14.11% |
| SBI Banking & Financial Services Fund Regular-idcw | 10,844.8 | -0.11% | +3.85% | -3.47% | +6.08% | +16.37% | +12.85% |
| Nippon India Etf Nifty Bank Bees | 8,319.4 | +0.67% | +6.74% | -2.53% | +5.30% | +10.05% | +11.23% |
| Nippon India Banking & Financial Services Fund Direct-growth | 7,788.6 | -0.22% | +5.35% | -0.85% | +7.16% | +14.44% | +14.52% |
Top funds are based on Fund AUM
Top Equity Funds
| Fund name | ||||
|---|---|---|---|---|
| Nippon India Etf Nifty Psu Bank Bees | ₹94.86 | +24.20% | +28.38% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹85.01 | +24.21% | +28.35% | — |
| Invesco India Financial Services Fund Direct-growth | ₹180.57 | +20.34% | +15.91% | — |
| Invesco India Financial Services Fund Direct-idcw | ₹92.94 | +20.34% | +15.91% | — |
| Sundaram Financial Services Opportunities Fund Direct-growth | ₹126.06 | +15.32% | +15.61% | — |
| Sundaram Financial Services Opportunities Fund Direct-idcw | ₹34.38 | +15.32% | +15.61% | — |
| Mirae Asset Banking And Financial Services Fund Direct-growth | ₹23.89 | +14.87% | +14.63% | — |
| Mirae Asset Banking And Financial Services Fund Direct-idcw | ₹23.79 | +14.87% | +14.63% | — |
| Nippon India Banking & Financial Services Fund Direct-growth | ₹721.29 | +14.44% | +14.52% | — |
| Nippon India Banking & Financial Services Fund Direct-idcw | ₹104.76 | +14.44% | +14.52% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹15.37 |
| 31 Jul 2026 | ₹15.10 |
| 30 Jul 2026 | ₹15.06 |
| 29 Jul 2026 | ₹15.08 |
| 28 Jul 2026 | ₹14.96 |
| 27 Jul 2026 | ₹15.05 |
| 24 Jul 2026 | ₹14.94 |
| 23 Jul 2026 | ₹14.92 |
| 22 Jul 2026 | ₹15.06 |
| 21 Jul 2026 | ₹15.25 |
| 20 Jul 2026 | ₹15.27 |
| 17 Jul 2026 | ₹15.43 |
| 16 Jul 2026 | ₹15.18 |
| 15 Jul 2026 | ₹15.22 |
| 14 Jul 2026 | ₹15.15 |
| 13 Jul 2026 | ₹15.32 |
| 10 Jul 2026 | ₹15.30 |
| 09 Jul 2026 | ₹15.09 |
| 08 Jul 2026 | ₹14.96 |
| 07 Jul 2026 | ₹15.34 |
| 06 Jul 2026 | ₹15.36 |
| 03 Jul 2026 | ₹15.27 |
| 02 Jul 2026 | ₹15.30 |
| 01 Jul 2026 | ₹15.30 |
| 30 Jun 2026 | ₹15.17 |
| 29 Jun 2026 | ₹15.22 |
| 25 Jun 2026 | ₹15.34 |
| 24 Jun 2026 | ₹15.33 |
| 23 Jun 2026 | ₹15.07 |
| 22 Jun 2026 | ₹15.27 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹637.9 Cr
Since Launch
This Fund
Category Average
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Navi Nifty Bank Index Fund Direct-growth Returns Comparison
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Navi Nifty Bank Index Fund Direct-growth FAQ'S
- Sharpe Ratio: 0.23%
- Standard Deviation: 16.76%
- Beta: 1.03%
- Alpha: -1.56%
- R-squared: 0.95%
- Information Ratio: -0.38%
- Sortino Ratio: 0.28%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Navi Nifty Bank Index Fund Direct-growth stand at approximately ₹ 637.9 crore.
The Navi Nifty Bank Index Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 6.74%
The historical growth of the Navi Nifty Bank Index Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 10.01%
- Return Since Launch: 10.04%
The portfolio of Navi Nifty Bank Index Fund Direct-growth is distributed across different asset classes as follows:
- Equity: 99.66%
- Other Assets: 0.34%
The Navi Nifty Bank Index Fund Direct-growth is managed by Ashutosh Shirwaikar, representing Navi Mutual Fund.
The Navi Nifty Bank Index Fund Direct-growth investments are allocated across market caps in the following manner:
- Large Cap Stocks: 75.80%
- Mid Cap Stocks: 24.20%
Top stock holdings of Navi Nifty Bank Index Fund Direct-growth include:
- HDFC Bank Ltd – represents 27.69% of the portfolio
- HDFC Bank Ltd – represents 28.02% of the portfolio
- HDFC Bank Ltd – represents 28.02% of the portfolio
- HDFC Bank Ltd – represents 28.62% of the portfolio
- HDFC Bank Ltd – represents 28.53% of the portfolio
- HDFC Bank Ltd – represents 25.19% of the portfolio
- ICICI Bank Ltd – represents 26.06% of the portfolio
- ICICI Bank Ltd – represents 23.04% of the portfolio
- ICICI Bank Ltd – represents 24.41% of the portfolio
- ICICI Bank Ltd – represents 23.05% of the portfolio
Major sector exposures in Navi Nifty Bank Index Fund Direct-growth are:
- Financial – accounts for 1,295.42% of the portfolio
