How to Invest in Navi Nifty Bank Index Fund Direct Growth?

You can easily invest in Navi Nifty Bank Index Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Navi Nifty Bank Index Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Navi Nifty Bank Index Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Navi Nifty Bank Index Fund Direct Growth provide?

The Navi Nifty Bank Index Fund Direct Growth has been there from 04 Feb 2022 and the average annual returns provided by this fund is 3.99% since its inception.

How much expense ratio is charged by Navi Nifty Bank Index Fund Direct Growth?

The term Expense Ratio used for Navi Nifty Bank Index Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Navi Nifty Bank Index Fund Direct Growth is 0.10% as of 04 Dec 2023...

What is the AUM of Navi Nifty Bank Index Fund Direct Growth?

The AUM, short for Assets Under Management of Navi Nifty Bank Index Fund Direct Growth is ₹403.16Cr as of 04 Dec 2023.

How to Redeem Navi Nifty Bank Index Fund Direct Growth?

If you want to sell your Navi Nifty Bank Index Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Navi Nifty Bank Index Fund Direct Growth?

You can select either SIP or Lumpsum investment of Navi Nifty Bank Index Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Navi Nifty Bank Index Fund Direct Growth?

The NAV of Navi Nifty Bank Index Fund Direct Growth is ₹11.64 as of 01 Dec 2023.

What is the PE and PB ratio of Navi Nifty Bank Index Fund Direct Growth?

The PE ratio ratio of Navi Nifty Bank Index Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Navi Nifty Bank Index Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Navi Nifty Bank Index Fund Direct Growth
Other
Index
Very High Risk
1M
6M
1Y
All
 NAV: 01 Dec 2023₹11.64
Min. SIP amount₹10
RatingNA
Fund size₹403.16Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Other Index
Absolute returns
3M6M1YAll
Fund returns-1.7%0.4%2.0%13.7%
Category averageNANA11.0%NA
Rank with in category201918NA
Understand terms
Holdings (12)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity29.3%
ICICI Bank Ltd.
FinancialEquity23.3%
Kotak Mahindra Bank Ltd.
FinancialEquity10.1%
Axis Bank Ltd.
FinancialEquity9.9%
State Bank of India
FinancialEquity9.7%
Indusind Bank Ltd.
FinancialEquity6.6%
Bank Of Baroda
FinancialEquity2.6%
The Federal Bank Ltd.
FinancialEquity2.3%
AU Small Finance Bank Ltd.
FinancialEquity2.3%
IDFC First Bank Ltd.
FinancialEquity1.8%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Other Index
Pros
Cons
Exit load is zero
1Y annualised returns lower than category average by 7.0%
Lower expense ratio: 0.1%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
27 Nov 2023 - Present
0.10%
26 Nov 2023 - 27 Nov 2023
0.10%
25 Nov 2023 - 26 Nov 2023
0.10%
24 Nov 2023 - 25 Nov 2023
0.10%
23 Nov 2023 - 24 Nov 2023
0.10%
22 Nov 2023 - 23 Nov 2023
0.10%
21 Nov 2023 - 22 Nov 2023
0.10%
20 Nov 2023 - 21 Nov 2023
0.10%
19 Nov 2023 - 20 Nov 2023
0.10%
18 Nov 2023 - 19 Nov 2023
0.10%
17 Nov 2023 - 18 Nov 2023
0.10%
16 Nov 2023 - 17 Nov 2023
0.10%
15 Nov 2023 - 16 Nov 2023
0.10%
14 Nov 2023 - 15 Nov 2023
0.10%
13 Nov 2023 - 14 Nov 2023
0.10%
12 Nov 2023 - 13 Nov 2023
0.10%
11 Nov 2023 - 12 Nov 2023
0.10%
10 Nov 2023 - 11 Nov 2023
0.10%
09 Nov 2023 - 10 Nov 2023
0.10%
08 Nov 2023 - 09 Nov 2023
0.10%
07 Nov 2023 - 08 Nov 2023
0.10%
06 Nov 2023 - 07 Nov 2023
0.10%
05 Nov 2023 - 06 Nov 2023
0.10%
04 Nov 2023 - 05 Nov 2023
0.10%
03 Nov 2023 - 04 Nov 2023
0.10%
02 Nov 2023 - 03 Nov 2023
0.10%
01 Nov 2023 - 02 Nov 2023
0.10%
31 Oct 2023 - 01 Nov 2023
0.10%
30 Oct 2023 - 31 Oct 2023
0.10%
29 Oct 2023 - 30 Oct 2023
0.10%
28 Oct 2023 - 29 Oct 2023
0.10%
27 Oct 2023 - 28 Oct 2023
0.10%
26 Oct 2023 - 27 Oct 2023
0.10%
25 Oct 2023 - 26 Oct 2023
0.10%
24 Oct 2023 - 25 Oct 2023
0.10%
23 Oct 2023 - 24 Oct 2023
0.10%
22 Oct 2023 - 23 Oct 2023
0.10%
21 Oct 2023 - 22 Oct 2023
0.10%
20 Oct 2023 - 21 Oct 2023
0.10%
19 Oct 2023 - 20 Oct 2023
0.10%
18 Oct 2023 - 19 Oct 2023
0.10%
17 Oct 2023 - 18 Oct 2023
0.10%
16 Oct 2023 - 17 Oct 2023
0.10%
15 Oct 2023 - 16 Oct 2023
0.10%
14 Oct 2023 - 15 Oct 2023
0.10%
13 Oct 2023 - 14 Oct 2023
0.10%
12 Oct 2023 - 13 Oct 2023
0.10%
11 Oct 2023 - 12 Oct 2023
0.10%
10 Oct 2023 - 11 Oct 2023
0.10%
09 Oct 2023 - 10 Oct 2023
0.10%
08 Oct 2023 - 09 Oct 2023
0.10%
07 Oct 2023 - 08 Oct 2023
0.10%
06 Oct 2023 - 07 Oct 2023
0.10%
05 Oct 2023 - 06 Oct 2023
0.10%
04 Oct 2023 - 05 Oct 2023
0.10%
03 Oct 2023 - 04 Oct 2023
0.10%
02 Oct 2023 - 03 Oct 2023
0.10%
01 Oct 2023 - 02 Oct 2023
0.10%
30 Sep 2023 - 01 Oct 2023
0.10%
29 Sep 2023 - 30 Sep 2023
0.10%
28 Sep 2023 - 29 Sep 2023
0.10%
27 Sep 2023 - 28 Sep 2023
0.10%
26 Sep 2023 - 27 Sep 2023
0.10%
25 Sep 2023 - 26 Sep 2023
0.10%
24 Sep 2023 - 25 Sep 2023
0.10%
23 Sep 2023 - 24 Sep 2023
0.10%
22 Sep 2023 - 23 Sep 2023
0.10%
21 Sep 2023 - 22 Sep 2023
0.10%
20 Sep 2023 - 21 Sep 2023
0.10%
19 Sep 2023 - 20 Sep 2023
0.10%
18 Sep 2023 - 19 Sep 2023
0.10%
17 Sep 2023 - 18 Sep 2023
0.10%
16 Sep 2023 - 17 Sep 2023
0.10%
15 Sep 2023 - 16 Sep 2023
0.10%
14 Sep 2023 - 15 Sep 2023
0.10%
13 Sep 2023 - 14 Sep 2023
0.10%
12 Sep 2023 - 13 Sep 2023
0.10%
11 Sep 2023 - 12 Sep 2023
0.10%
10 Sep 2023 - 11 Sep 2023
0.10%
09 Sep 2023 - 10 Sep 2023
0.10%
08 Sep 2023 - 09 Sep 2023
0.10%
07 Sep 2023 - 08 Sep 2023
0.10%
06 Sep 2023 - 07 Sep 2023
0.10%
05 Sep 2023 - 06 Sep 2023
0.10%
04 Sep 2023 - 05 Sep 2023
0.10%
03 Sep 2023 - 04 Sep 2023
0.10%
02 Sep 2023 - 03 Sep 2023
0.10%
01 Sep 2023 - 02 Sep 2023
0.10%
31 Aug 2023 - 01 Sep 2023
0.10%
31 Jul 2023 - 31 Aug 2023
0.10%
30 Jun 2023 - 31 Jul 2023
0.10%
31 May 2023 - 30 Jun 2023
0.10%
30 Apr 2023 - 31 May 2023
0.10%
31 Mar 2023 - 30 Apr 2023
0.10%
28 Feb 2023 - 31 Mar 2023
0.10%
31 Jan 2023 - 28 Feb 2023
0.10%
31 Dec 2022 - 31 Jan 2023
0.10%
31 Dec 2022 - 31 Dec 2022
0.10%
30 Nov 2022 - 31 Dec 2022
0.10%
30 Nov 2022 - 30 Nov 2022
0.10%
30 Nov 2022 - 30 Nov 2022
0.10%
31 Oct 2022 - 30 Nov 2022
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
30 Sep 2022 - 31 Oct 2022
0.10%
30 Sep 2022 - 30 Sep 2022
0.10%
30 Sep 2022 - 30 Sep 2022
0.10%
31 Aug 2022 - 30 Sep 2022
0.10%
31 Aug 2022 - 31 Aug 2022
0.10%
31 Jul 2022 - 31 Aug 2022
0.10%
31 Jul 2022 - 31 Jul 2022
0.10%
30 Jun 2022 - 31 Jul 2022
0.10%
30 Jun 2022 - 30 Jun 2022
0.10%
31 May 2022 - 30 Jun 2022
0.10%
31 May 2022 - 31 May 2022
0.10%
30 Apr 2022 - 31 May 2022
0.10%
30 Apr 2022 - 30 Apr 2022
0.10%
31 Mar 2022 - 30 Apr 2022
0.10%
31 Mar 2022 - 31 Mar 2022
0.10%
28 Feb 2022 - 31 Mar 2022
0.10%
28 Feb 2022 - 28 Feb 2022
0.10%
Expense ratio, exit load and taxExpense ratio: 0.10%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹10
Min. for 2nd investment onwards₹10
Min. for SIP₹10
Fund managementAditya Mulki
Mar 2022 - Present
View details
Education
Mr. Mulki is a CFA and B.COM
Experience
Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
Also manages these schemes
Navi Large Cap Equity Fund Direct Growth
Navi Regular Savings Fund Direct Growth
Navi 3 in 1 Fund Direct Growth
Navi ELSS Tax Saver Fund Direct Growth
Navi Large & Midcap Fund Direct Growth
Navi Equity Hybrid Fund Direct Growth
Navi Flexi Cap Fund Direct Growth
Navi Nifty 50 Index Fund Direct Growth
Navi Nifty Next 50 Index Fund Direct Growth
Navi Nifty Bank Index Fund Direct Growth
Navi US Total Stock Market FoF Direct Growth
Navi Nifty Midcap 150 Index Fund Direct Growth
Navi NASDAQ 100 FoF Direct Growth
Navi Nifty India Manufacturing Index Fund Direct Growth
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Navi S&P BSE Sensex Index Fund Direct Growth
Ashutosh Shirwaikar
Aug 2023 - Present
View details
Also manages these schemes
Navi Regular Savings Fund Direct Growth
Navi ELSS Tax Saver Fund Direct Growth
Navi Large & Midcap Fund Direct Growth
Navi Equity Hybrid Fund Direct Growth
Navi Flexi Cap Fund Direct Growth
Navi Nifty 50 Index Fund Direct Growth
Navi Nifty Next 50 Index Fund Direct Growth
Navi Nifty Bank Index Fund Direct Growth
Navi Nifty Midcap 150 Index Fund Direct Growth
Navi Nifty India Manufacturing Index Fund Direct Growth
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Navi S&P BSE Sensex Index Fund Direct Growth
Fund house & investment objective
Navi Mutual Fund
Rank (total assets)#36 in India
Total AUM₹3,869.58Cr
Date of Incorporation04 Dec 2009
 Navi Nifty Bank Index Fund Direct Growth is a Other Mutual Fund Scheme launched by Navi Mutual Fund. This scheme was made available to investors on 04 Dec 2009. Pranav Vasa is the Current Fund Manager of Navi Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,870 Cr and the Latest NAV as of 01 Dec 2023 is ₹11.64.
The Navi Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹10. Minimum Lumpsum Investment is ₹10.
;
Investment ObjectiveThe 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 benchmarkNIFTY Bank Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
7th Floor, Wing B, Prestige RMZ Startech,No. 139, 2, Hosur RdKoramangala Industrial Layout, S.G. Palya. Bangalore 560095
Phone
+91 80 4511 3444 / 1800-103-8999
Launch Date
04 Dec 2009
E-mail
[email protected]
Website
www.navimutualfund.com
Navi Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Navi Nifty Bank Index Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	-1.7%	0.4%	2.0%	13.7%
Category average	NA	NA	11.0%	NA
Rank with in category	20	19	18	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	29.3%
ICICI Bank Ltd.	Financial	Equity	23.3%
Kotak Mahindra Bank Ltd.	Financial	Equity	10.1%
Axis Bank Ltd.	Financial	Equity	9.9%
State Bank of India	Financial	Equity	9.7%
Indusind Bank Ltd.	Financial	Equity	6.6%
Bank Of Baroda	Financial	Equity	2.6%
The Federal Bank Ltd.	Financial	Equity	2.3%
AU Small Finance Bank Ltd.	Financial	Equity	2.3%
IDFC First Bank Ltd.	Financial	Equity	1.8%

Rank (total assets)	#36 in India
Total AUM	₹3,869.58Cr

Date of Incorporation	04 Dec 2009

Fund benchmark	NIFTY Bank Total Return Index

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Bengaluru – 560103
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Min. for 1st investment	₹10
Min. for 2nd investment onwards	₹10

Rating	NA
Fund size	₹403.16Cr

Navi Nifty Bank Index Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (12)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.10%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Aditya MulkiMar 2022 - PresentView details

Ashutosh ShirwaikarAug 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Aditya Mulki
Mar 2022 - Present
View details

Ashutosh Shirwaikar
Aug 2023 - Present
View details