Navi Nifty Next 50 Index Fund
The scheme seeks to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 Index over the same period subject to tracking error.
Growthvine rating: 4/5 — ranked #34 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹17.20 (as of 2026-08-21) |
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| AUM | ₹1,266 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 | 0.61 |
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| Standard deviation | 20.07% |
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| Max drawdown | -26.43% |
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| Alpha | 5.8 |
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| Beta | 1.29 |
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Market cap allocation
| Large cap | 86.8% |
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| Mid cap | 13.3% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 18.5% |
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| Top 10 holdings | 32.8% |
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| Total holdings | 50 |
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Top holdings
- Divis Laboratories Ltd. — 4.0%
- TVS Motor Company Ltd. — 4.0%
- Tata Motors Limited — 3.6%
- Hindustan Aeronautics Limited — 3.5%
- Adani Power Limited — 3.5%
- Cholamandalam Investment and Finance Company Ltd — 3.2%
- Torrent Pharmaceuticals Ltd. — 3.0%
- Cummins India Ltd. — 2.9%
- Samvardhana Motherson International Limited — 2.6%
- Bharat Petroleum Corpn. Ltd. — 2.5%
Top sectors
- Finance & Investments — 10.8%
- Energy — 9.9%
- Banking & Financial — 9.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.6% | — | — |
| 2025 | 1.8% | — | — |
| 2024 | 27.2% | — | — |
| 2023 | 26.0% | — | — |