Navi Nifty Bank Index Fund
- NAV as on 25 Sep 2026
- ₹14.18+0.25%1 day
- Return since launch
- 8.2%
- 52-week range
- ₹12.81 — ₹15.71
- AUM
- ₹649 Cr
Navi Nifty Bank Index Fund is a Sectoral-Banking equity fund from Navi Mutual Fund with ₹649 Cr under management, launched in 2022. Over three years it has returned 4.0% a year, against 10.8% for its category. The expense ratio is 1.12% and the SEBI riskometer reading is Very High.
Performance
Navi Nifty Bank Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.7% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -5.4% | −8.9 pts | 3.4% | -4.1% |
| 2Y | 0.9% | −1.3 pts | 2.2% | 1.9% |
| 3Y | 4.0% | −6.8 pts | 10.8% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | +1.1 pts | -5.0% | -4.3% |
| 3M | -3.8% | −0.3 pts | -3.5% | -3.4% |
| 6M | 6.4% | −0.9 pts | 7.4% | 7.3% |
| 1Y | 1.7% | −1.7 pts | 3.4% | 2.1% |
| 2Y | 0.8% | −0.6 pts | 1.4% | 0.8% |
| 3Y | 7.3% | −3.5 pts | 10.8% | 9.4% |
Since launch (15 Jan 2022): 8.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 16.9% | −1.6 pts | 18.6% |
| 2024 | 5.2% | −6.8 pts | 12.0% |
| 2023 | 12.0% | −9.5 pts | 21.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.11%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹500
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Bank TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -1.60 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.03 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.29 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.34 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.56 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Navi Nifty Bank Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.0%
- Other0.0%
Market cap split
- Large74.6%
- Mid25.4%
- P/E
- 13.22
- P/B
- 1.71
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 17.02% | ₹110 Cr | +17.82% | +19.61% | +28.62% |
| ICICI Bank Ltd. | Financial | 14.85% | ₹96.38 Cr | +13.55% | +16.06% | +26.06% |
| State Bank of India | Financial | 10.27% | ₹66.63 Cr | +9.02% | +10.63% | +9.11% |
| Kotak Mahindra Bank Ltd. | Financial | 9.88% | ₹64.10 Cr | +9.75% | +9.12% | +8.10% |
| Axis Bank Ltd. | Financial | 9.20% | ₹59.66 Cr | +10.22% | +9.90% | +7.82% |
| The Federal Bank Ltd. | Financial | 7.15% | ₹46.39 Cr | +6.34% | +5.52% | +3.25% |
| Indusind Bank Ltd. | Financial | 5.44% | ₹35.33 Cr | +5.37% | +4.70% | +3.37% |
| AU Small Finance Bank Ltd. | Financial | 4.82% | ₹31.29 Cr | +4.84% | +3.95% | +2.79% |
| IDFC First Bank Ltd. | Financial | 4.68% | ₹30.34 Cr | +4.24% | +3.59% | +3.11% |
| Bank Of Baroda | Financial | 3.48% | ₹22.55 Cr | +4.44% | +4.43% | +2.98% |
| Punjab National Bank | Financial | 3.37% | ₹21.88 Cr | +3.28% | +3.38% | +2.40% |
| Canara Bank | Financial | 3.33% | ₹21.58 Cr | +3.96% | +3.89% | +2.42% |
| Yes Bank Ltd. | Financial | 3.33% | ₹21.63 Cr | +3.65% | +2.28% | — |
| Union Bank of India | Financial | 3.17% | ₹20.56 Cr | +2.91% | +2.50% | — |
| Others | Others | 0.01% | ₹0.07 Cr | +0.61% | +0.44% | -0.03% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 18.20% | 17.02% | -1.18% |
| Kotak Mahindra Bank Ltd. | 9.31% | 9.88% | +0.57% |
| Axis Bank Ltd. | 8.81% | 9.20% | +0.39% |
| Union Bank of India | 2.91% | 3.17% | +0.26% |
| State Bank of India | 10.08% | 10.27% | +0.19% |
| The Federal Bank Ltd. | 7.29% | 7.15% | -0.14% |
| AU Small Finance Bank Ltd. | 4.71% | 4.82% | +0.11% |
| Bank Of Baroda | 3.58% | 3.48% | -0.10% |
| Indusind Bank Ltd. | 5.49% | 5.44% | -0.05% |
| Yes Bank Ltd. | 3.37% | 3.33% | -0.04% |
| Others | 0.03% | 0.01% | -0.02% |
| Canara Bank | 3.32% | 3.33% | +0.01% |
| ICICI Bank Ltd. | 14.86% | 14.85% | -0.01% |
| IDFC First Bank Ltd. | 4.67% | 4.68% | +0.01% |
| Punjab National Bank | 3.37% | 3.37% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -1.0% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.6% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.5% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -3.1% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.2% | 15.4% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.1% | 8.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.
Fund managers
- Ashutosh ShirwaikarMr. Shirwaikar has done MMS and CFAPrior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months6.42% absolute | ₹60,000 | ₹63,852 | 6.42% | |
| 1 year1.70% annualised | ₹1,20,000 | ₹1,21,111 | 0.93% | |
| 3 years7.35% annualised | ₹3,60,000 | ₹4,03,866 | 12.18% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.