Navi Nifty Bank Index Fund
- NAV as on 6 Nov 2026
- ₹15.05+2.27%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹12.81 — ₹15.71
- AUM
- ₹613 Cr
Navi Nifty Bank Index Fund is a Sectoral-Banking equity fund from Navi Mutual Fund with ₹613 Cr under management, launched in 2022. Over three years it has returned 7.6% a year, against 12.3% for its category. The expense ratio is 1.11% 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 +1.6% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.8% | +5.1 pts | 1.8% | 6.6% |
| 2Y | 7.1% | +0.1 pts | 7.0% | 7.2% |
| 3Y | 7.6% | −4.7 pts | 12.3% | 7.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.2% | +1.1 pts | 6.2% | 6.3% |
| 3M | 2.1% | +1.3 pts | 0.8% | 1.5% |
| 6M | 5.5% | +2.7 pts | 2.8% | 6.1% |
| 1Y | 1.6% | −0.1 pts | 1.8% | 1.4% |
| 2Y | 6.3% | −0.3 pts | 6.7% | 6.6% |
| 3Y | 10.3% | −2.0 pts | 12.3% | 11.3% |
Since launch (15 Jan 2022): 9.0%
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 6 Nov 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 | -0.40 | 4.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.23 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.27 | 0.64 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.80 | 17.05 | 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 30 Sep 2026
Asset allocation
- Equity100.0%
Market cap split
- Large76.1%
- Mid23.9%
- P/E
- 13.19
- P/B
- 1.58
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 18.63% | ₹114 Cr | +19.24% | +19.03% | +28.53% |
| ICICI Bank Ltd. | Financial | 14.19% | ₹87.01 Cr | +14.11% | +14.13% | +24.41% |
| Kotak Mahindra Bank Ltd. | Financial | 10.21% | ₹62.60 Cr | +9.28% | +9.75% | +8.97% |
| Axis Bank Ltd. | Financial | 10.06% | ₹61.70 Cr | +9.56% | +10.03% | +8.79% |
| State Bank of India | Financial | 9.93% | ₹60.90 Cr | +9.99% | +9.95% | +9.19% |
| The Federal Bank Ltd. | Financial | 6.57% | ₹40.26 Cr | +6.64% | +6.19% | +3.08% |
| Indusind Bank Ltd. | Financial | 4.97% | ₹30.49 Cr | +4.97% | +4.80% | +3.15% |
| AU Small Finance Bank Ltd. | Financial | 4.85% | ₹29.76 Cr | +4.62% | +4.50% | +2.67% |
| IDFC First Bank Ltd. | Financial | 4.54% | ₹27.86 Cr | +4.34% | +3.81% | +3.00% |
| Bank Of Baroda | Financial | 3.59% | ₹22.04 Cr | +3.99% | +4.45% | +3.10% |
| Canara Bank | Financial | 3.37% | ₹20.65 Cr | +3.30% | +4.06% | +2.71% |
| Punjab National Bank | Financial | 3.27% | ₹20.07 Cr | +3.16% | +3.38% | +2.53% |
| Yes Bank Ltd. | Financial | 3.01% | ₹18.46 Cr | +3.55% | +2.96% | — |
| Union Bank of India | Financial | 2.86% | ₹17.55 Cr | +2.91% | +3.10% | — |
| Others | Others | -0.05% | ₹-0.39 Cr | +0.34% | -0.14% | -0.13% |
Sectors
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 17.02% | 18.63% | +1.61% |
| Axis Bank Ltd. | 9.20% | 10.06% | +0.86% |
| ICICI Bank Ltd. | 14.85% | 14.19% | -0.66% |
| The Federal Bank Ltd. | 7.15% | 6.57% | -0.58% |
| Indusind Bank Ltd. | 5.44% | 4.97% | -0.47% |
| State Bank of India | 10.27% | 9.93% | -0.34% |
| Kotak Mahindra Bank Ltd. | 9.88% | 10.21% | +0.33% |
| Yes Bank Ltd. | 3.33% | 3.01% | -0.32% |
| Union Bank of India | 3.17% | 2.86% | -0.31% |
| IDFC First Bank Ltd. | 4.68% | 4.54% | -0.14% |
| Bank Of Baroda | 3.48% | 3.59% | +0.11% |
| Punjab National Bank | 3.37% | 3.27% | -0.10% |
| Others | 0.01% | -0.05% | -0.06% |
| Canara Bank | 3.33% | 3.37% | +0.04% |
| AU Small Finance Bank Ltd. | 4.82% | 4.85% | +0.03% |
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 | ₹2,911 Cr | 2.17% | 6.1% | 10.4% | 13.4% |
 SBI Banking & Financial Services Fund | ₹10,420 Cr | 2.16% | 5.2% | 9.9% | 13.4% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.1% | 10.5% | 14.7% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 9.0% | 9.5% | 12.1% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 6.8% | 12.1% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 2.3% | 10.2% | — |
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
- Rushabh PatelB.Tech. in Mechanical Engineering, Pandit Deendayal Petroleum University, Gandhinagar, MBA in Finance.Prior to joining Navi AMC, Rushabh key contributions include: Equity Research & Analysis: Conducted in-depth research and analysis of small, mid, and large-cap companies.
- Shrineel SarafBachelors and Masters of Science, PGDM-Business Management from XLRI Jamshedpur.Mr. Shrineel Saraf is an experienced investment professional with expertise in portfolio management, equity research and quantitative modelling. His experience includes portfolio and strategy development for Large & Mid Cap funds and factor funds, along with equity research involving financial modelling, business model assessments and forensic governance reviews.
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 months5.54% absolute | ₹60,000 | ₹63,324 | 5.54% | |
| 1 year1.61% annualised | ₹1,20,000 | ₹1,21,052 | 0.88% | |
| 3 years10.30% annualised | ₹3,60,000 | ₹4,23,332 | 17.59% |
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.