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 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹15.29 (as of 2026-10-23) |
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| AUM | ₹1,331 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Rushabh Patel |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.53 |
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| Standard deviation | 20.39% |
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| Max drawdown | −26.43% |
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| Alpha | 6.12 |
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| Beta | 1.27 |
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Market cap allocation
| Large cap | 95.3% |
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| Mid cap | 4.7% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 19.5% |
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| Top 10 holdings | 33.8% |
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| Total holdings | 50 |
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Top holdings
- Divis Laboratories Ltd. — 4.8%
- TVS Motor Company Ltd. — 4.0%
- Hindustan Aeronautics Limited — 3.6%
- Tata Motors Limited — 3.6%
- Adani Power Limited — 3.5%
- Samvardhana Motherson International Limited — 3.0%
- Torrent Pharmaceuticals Ltd. — 2.9%
- Cholamandalam Investment and Finance Company Ltd — 2.9%
- Vedanta Aluminium Metal Limited — 2.9%
- Cummins India Ltd. — 2.6%
Top sectors
- Automobile — 9.8%
- Energy — 9.5%
- Finance & Investments — 9.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.2% | — | — |
| 2025 | 1.8% | — | — |
| 2024 | 27.2% | — | — |
| 2023 | 26.0% | — | — |