OTHER•INDEX FUND
Navi Nifty Bank Index Fund
3 Year return
9.69%
NAV on August 28, 2026
15.1819
1D Returns
-0.08%
Launched on January 2022(4 years)
Investment Details
₹100
Minimum SIP Amount
₹100
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
16.44%₹592
Total Value ₹4,192
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹640.09 Cr.
Expense Ratio
0.24% (inclusive of GST)
Exit Load
Nil
Ratings
0
Ratings by other agencies
Value Research
0
Crisil
0
Morning Star
0
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Navi Mutual Fund Manager
AS
Ashutosh Shirwaikar
Fund Manager since Aug 2023
Fund House Details
Navi Mutual Fund
Asset management company
AUM
₹9,453.12 Cr.
No. of Schemes
48
Setup Date
2009
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Motilal Oswal Nifty Midcap 150 Index Fund | 18.107% | 0 |
| Aditya Birla Sun Life Nifty Midcap 150 Index Fund | 17.9788% | 0 |
| Nippon India Nifty Midcap 150 Index Fund | 17.8643% | 0 |
Schemes by Navi Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Navi Aggressive Hybrid Fund Direct Plan Annual IDCW Reinvestment13.4101%
Hybrid . Aggressive Hybrid Fund
Navi Aggressive Hybrid Fund Direct Plan Half Yearly IDCW Payout13.3726%
Hybrid . Aggressive Hybrid Fund
Navi Aggressive Hybrid Fund Direct Plan Half Yearly IDCW Reinvestment13.3726%
The Navi Nifty Bank Index Fund Direct Plan Growth is an open-ended index mutual fund scheme that tracks the performance of the Nifty Bank Index. The fund is managed by Navi Mutual Fund, one of the leading asset management companies in India.
Investment Objectives of the Scheme
The investment objective of the Navi Nifty Bank Index Fund Direct Plan Growth is to provide returns that closely correspond to the returns of the Nifty Bank Index.
Key Features of The Fund
5-year return
0%
Expense Ratio
0.24%
Fund Manager
Ashutosh Shirwaikar
Fund Size
₹640.09 Cr.
Risk Profile
Very High
Is This Scheme Right for Me?
The Navi Nifty Bank Index Fund Direct Plan Growth is a good option for investors who are looking for a low-cost and passive way to invest in the banking sector. The fund is suitable for investors who have a medium to long-term investment horizon and who are looking to earn returns that are in line with the performance of the banking sector.
However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.
AMC Contact Details
| Name | Navi Mutual Fund |
| Launch Date | N/A |
| Address | N/A |
| Contact | N/A |
| N/A | |
| Website | N/A |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Navi Nifty Bank Index Fund?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Navi Nifty Bank Index Fund on August 28, 2026, is ₹15.1819
What is the AUM of Navi Nifty Bank Index Fund?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Navi Nifty Bank Index Fund, is ₹640.09 crore.
What is the expense ratio of Navi Nifty Bank Index Fund?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Navi Nifty Bank Index Fund is 0.24%
What are the returns of Navi Nifty Bank Index Fund since inception?
The Navi Nifty Bank Index Fund was launched on January 17, 2022. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Navi Nifty Bank Index Fund?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Navi Nifty Bank Index Fund is ₹100.
How do I invest in Navi Nifty Bank Index Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Navi Nifty Bank Index Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Navi Nifty Bank Index Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Navi Nifty Bank Index Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,192 in 3Y at 9.6895% returns
SIP Date1st of every month
Your next SIP Payment will be on 28 September 2026
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