Navi Nifty Bank Index Fund
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.
Growthvine rating: 3/5 — ranked #86 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹14.75 (as of 2026-08-21) |
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| AUM | ₹638 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Ashutosh Shirwaikar |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.18 |
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| Standard deviation | 16.75% |
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| Max drawdown | -18.46% |
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| Alpha | -2.31 |
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| Beta | 1.03 |
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Market cap allocation
| Large cap | 74.5% |
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| Mid cap | 25.5% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 61.3% |
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| Top 10 holdings | 87.0% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 18.2%
- ICICI Bank Ltd. — 14.9%
- State Bank Of India — 10.1%
- Kotak Mahindra Bank Ltd. — 9.3%
- AXIS Bank Ltd. — 8.8%
- Federal Bank Ltd. — 7.3%
- IndusInd Bank Ltd. — 5.5%
- AU Small Finance Bank Limited — 4.7%
- IDFC FIRST BANK LIMITED — 4.7%
- Bank Of Baroda — 3.6%
Top sectors
- Banking & Financial — 100.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -3.1% | — | — |
| 2025 | 16.9% | — | — |
| 2024 | 5.2% | — | — |
| 2023 | 12.0% | — | — |