FAQ : Navi Nifty Bank Index Fund - Regular Plan - Growth

Navi Nifty Bank Index Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 15.66 N/A N/A N/A
Average Rolling Returns(%) 15.94 N/A N/A N/A

The Current NAV of Navi Nifty Bank Index Fund - Regular Plan - Growth is ₹12.41.

It is better to invest in a fund with a longer track record as Navi Nifty Bank Index Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY BANK - TRI returns, as Funds portfolio is significantly different.

Navi Nifty Bank Index Fund - Regular Plan - Growth fund’s expense ratio is 0.79%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Navi Nifty Bank Index Fund - Regular Plan - Growth is currently ₹507 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 62% of its portfolio. Top 5 and 10 stocks of fund account for 80% and 97% of fund’s portfolio respectively.

Top three sectors of Navi Nifty Bank Index Fund - Regular Plan - Growth fund are BFSI, Miscellaneous and accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Index Funds - Other it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Navi Nifty Bank Index Fund - Regular Plan - Growth Fund is Index Funds - Other.

Aditya Mulki and Ashutosh Shirwaikar manage the Navi Nifty Bank Index Fund - Regular Plan - Growth Fund.

Navi Nifty Bank Index Fund - Regular Plan - Growth current PE ratio is 17.49 and PB ratio is 2.46

The asset allocation of Navi Nifty Bank Index Fund - Regular Plan - Growth is Stocks : 100.23%, Debt : -0.21% and Gold : 0%

The minimum SIP amount for Navi Nifty Bank Index Fund - Regular Plan - Growth is ₹10.00 and minimum lumpsum is ₹10.00

The exit load for Navi Nifty Bank Index Fund - Regular Plan - Growth is Nil

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