Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Navi Nifty Bank Index Fund- Direct Plan- Growth
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 1/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 52/100 · Average
How this score is calculated
- Star rating (35%)1/5
- 3Y CAGR (30%)8.05%
- Expense ratio (20%)0.23%
- AUM (15%)₹649 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Navi Mutual Fund · Equity · Sectoral
₹14.63
AUM: ₹648 Cr
NAV updated 3 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.23%
Exit Load
Nil
Fund Manager
Pranav Vasa
Inception
Feb 2022
Benchmark
NIFTY Bank Total Return Index
Sharpe Ratio
-0.27
Std Dev (1Y)
17.02%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-3.65%
3m
-4.53%
6m
+5.93%
1y
+0.91%
3y
+8.05%
5y
—
10y
—
since inception
+8.59%
TopFund's Take on Navi Nifty Bank Index Fund- Direct Plan- Growth
Navi Nifty Bank Index Fund- Direct Plan- Growth sits in the middle of the pack for Sectoral funds, currently carrying a 1-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 52/100.
Cost: At 0.23%, the expense ratio is meaningfully cheaper — about 77% below the Sectoral category average of 0.99% (based on 469 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.27 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 17.02% is fairly typical for Sectoral funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Navi Nifty Bank Index Fund- Direct Plan- Growth
The current NAV (Net Asset Value) of Navi Nifty Bank Index Fund- Direct Plan- Growth is ₹14.63. NAV is updated every business day after market close by AMFI.
1Y: 0.91% · 3Y CAGR: 8.05%
The expense ratio of Navi Nifty Bank Index Fund- Direct Plan- Growth is 0.23% per annum. This is the annual fee charged by the fund to manage your investment.
Navi Nifty Bank Index Fund- Direct Plan- Growth is managed by Pranav Vasa at Navi Mutual Fund.
Navi Nifty Bank Index Fund- Direct Plan- Growth is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Navi Nifty Bank Index Fund- Direct Plan- Growth is a Sectoral fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Navi Nifty Bank Index Fund- Direct Plan- Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Navi Nifty Bank Index Fund- Direct Plan- Growth is ₹649 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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