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Product scoring may vary based on gender, age, policy tenure and sum assured.
Gender
Male
Age Group
The lowest age in the selected range is considered for price evaluation (e.g., 25 - 29)
30 - 34
Sum Assured
₹ 1Cr
Index • Banking and Financial Services Index Fund • NIFTY BANK - TRI
Navi Nifty Bank Index Fund(G)-Direct Plan
1 Finance Rank:
01
011 Finance Score:
92100
Tracking Error Score
100
Tracking Difference Score
100
Expense Ratio Score
100
Fund Age Score
59
by 1 Finance Research 1 Finance Scores reflect a holistic assessment of fund performance, risk, and costs.
AUM
₹ 557 Cr(As on 31-Mar-2026)NAV
₹ 14.5187(As on 08-May-2026)No. of Stocks
14(As on 31-Mar-2026)
01
Index • Banking and Financial Services Index Fund • NIFTY BANK - TRI
Navi Nifty Bank Index Fund(G)-Direct Plan
This fund ranks 1st out of 16 funds in its category.
AUM₹ 557 Cr(As on 31-Mar-2026)
NAV₹ 14.5187(As on 08-May-2026)
No. of Stocks14(As on 31-Mar-2026)
1 Finance Score: 92/100
Tracking Error Score
100
Tracking Difference Score
100
Expense Ratio Score
100
Fund Age Score
59
Rolling Returns
| Avg. Rolling Returns | 1 year | 3 year | 5 year | 7 year |
|---|
| Avg. Rolling Returns |
|---|
| 1 Year |
| 3 Years |
| 5 Years |
| 7 Years |
“80% of mutual fund schemes lose 25% or more value due to commissions in 10 years.” Source: 1 Finance Research
Fundamental Ratios
Score Trend
1000
Fund Age
4 yearsTracking Error
0.086%Tracking Difference
-0.24%*Most top-ranked mutual funds won't hold their rank for long. Source: 1 Finance Research
Portfolio summary
Asset Allocation
Equity
Debt
Others
100.15%
0%
-0.15%
Market Capitalisation
Large Cap
77.89%
Mid Cap
22.26%
Small Cap
0%
Others
-0.15%
Equity Sector Allocation
Bank
100.15%
Others
-0.15%
Top Holdings
| Holding Names | Assets (%) |
|---|---|
| HDFC Bank Ltd. | 25.19% |
| ICICI Bank Ltd. | 20.21% |
| State Bank Of India | 9.65% |
| Axis Bank Ltd. | 9.31% |
| Kotak Mahindra Bank Ltd. | 9.25% |
*Most active equity funds don't beat their own benchmark over the long run. Source: 1 Finance Research
Peer comparison
| Fund List | 1 F score | Fund Size | Expense Ratio |
|---|
Pros and Cons
Pros
Low tracking difference, indicating longterm returns remain very close to the benchmark.
Low tracking error, meaning the fund consistently stays on track with the benchmark, without large deviations.
Cons
This fund doesn't have any cons.
Should you invest?
Invest if you are :
- High conviction in Banking sector performance in the near or long term.
Avoid if you are :
- Unwilling to take the risk of investing in a particular sector or theme.
*Most financial mistakes aren't about money — they're about personality. Find yours with MoneySign®
Taxation
If sold before 1 year
- short term capital gains taxed at 20%.
If sold after 1 year
- long term capital gains above ₹1.25 lakh taxed at 12.5%.
Scheme Details
Scheme Objective
- The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index by investingin stocks of companies comprising Nifty Bank Index, subject to tracking error. However, there is noassurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Exit Load
- Nil
Minimum investment amount
Lumpsum
₹ 100 (open for subscription)
Other details
Founded In2022
Email Addressmf@navi.com
| Fund Manager Name | Total Exp. (Years) | No. of Funds Managed |
|---|---|---|
| Ashutosh Shirwaikar | 2.6 | 10 |
About Navi MF
- Navi Mutual Fund is a tech-driven fund house founded with a mission to make investing simple and affordable. It offers a broad suite of funds powered by a customer-first, digital-first philosophy.
Don't chase past returns.
Build a portfolio for the future
Our Advisory Includes
- Portfolio diversification
- Mutual fund tax harvesting
- Fund overlap check & more
We look where past returns don't
Your data security is our top priority
Through a secure infrastructure, RSA-256 encryption, disaster recovery protocols
Frequently Asked Questions
How do I choose the right index fund for my portfolio?
The right index fund depends on your goals, risk tolerance, and investment horizon. Look at the type of index it tracks, fund consistency over time, and costs like the expense ratio. Focus on how it fits within your overall portfolio rather than chasing short-term returns. A steady alignment with your long-term plan matters most.
A quick conversation with a Qualified Financial Advisor will save you a lot of guesswork. He will assess your risk profile, personal goals, making your portfolio more purposeful and balanced.
A quick conversation with a Qualified Financial Advisor will save you a lot of guesswork. He will assess your risk profile, personal goals, making your portfolio more purposeful and balanced.
Are index funds good for long-term investing?
Yes. Index funds are typically well-suited for life goals like retirement, children’s education, due to their low cost and broad diversification. If your financial goals span 5-10 years or more and you prefer minimal monitoring, index funds can be an excellent match.
How many index funds should I hold in my portfolio?
Most investors only need 1-3 index funds for balanced exposure. For example: one large-cap index, optionally one broader index (Nifty 500), and one mid-cap or factor-based index if desired. Your ideal number depends on your simplicity preference and risk appetite. Too many overlapping funds create confusion without adding benefit.
If your mind gets cluttered due to too many index fund options, a Qualified Financial Advisor (QFA) can help you choose index funds that fit seamlessly into your portfolio and match your long-term financial planning.
If your mind gets cluttered due to too many index fund options, a Qualified Financial Advisor (QFA) can help you choose index funds that fit seamlessly into your portfolio and match your long-term financial planning.
How much should I invest into index funds?
You can start with as little as ₹100 or ₹500, depending on the mutual fund house. What matters more is whether the investment contributes meaningfully to your long-term plan.
How are index funds taxed?
The tax you pay on index funds depends on how long you stay invested; long-term capital gains (LTCG) if you hold for more than a year, and short-term capital gains (STCG) if held for less than one year. The LTCG for equity-oriented index funds is 12.5% for the gains above Rs. 1.25 lakh, and 20% for STCG. Debt-based index funds are taxed as per your income tax slab rate, regardless of holding period.
Tax planning for index funds can get messy because the taxation rules differ between equity and debt categories. A qualified financial advisor (QFA) can help you create a tax-efficient index fund strategy, to minimize tax drag while still sticking to your long-term plan.
Tax planning for index funds can get messy because the taxation rules differ between equity and debt categories. A qualified financial advisor (QFA) can help you create a tax-efficient index fund strategy, to minimize tax drag while still sticking to your long-term plan.
Disclaimer
The Information in the scoring and ranking model is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
Don't chase past returns.
Build a portfolio for the future
Our Advisory Includes
- Portfolio diversification
- Mutual fund tax harvesting
- Fund overlap check & more