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Navi Nifty Bank Index Fund

Q: What is the NAV of Navi Nifty Bank Index Fund?

As of 20 Aug 2026, the NAV of Navi Nifty Bank Index Fund is ₹14.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Navi Nifty Bank Index Fund delivered?

Navi Nifty Bank Index Fund has returned +2.76% over 1 year, +9.18% per year over 3 years and +8.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund charges an expense ratio of 1.12% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Navi Nifty Bank Index Fund?

Its largest holdings are HDFC Bank Ltd (19.2%), ICICI Bank Ltd (14.1%), State Bank of India (10.0%), Axis Bank Ltd (9.6%) and Kotak Mahindra Bank Ltd (9.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Navi Nifty Bank Index Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -18.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi Nifty Bank Index Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund is benchmarked against the Name of Benchmark: Nifty Bank TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Q: Who manages Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund is managed by Ashutosh Shirwaikar and Aditya Mulki at Navi.

Q: How is Navi Nifty Bank Index Fund taxed?

Navi Nifty Bank Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Navi Mutual Fund · Best Index Funds

NAV

₹14.68

+0.44% 1D

as of 20 Aug 2026

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Performance

+2.45%CAGR

52-week rangePrev NAV ₹14.61

Latest ₹14.68

Low ₹12.8165th percentile of its 52-week rangeHigh ₹15.71

Scorecard

★★★☆☆3/5 vs 177 of 361 Index Funds peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). 177 of the 361 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +9.18% · ranks 70 of 361 Index Funds

RiskHigh

Volatility 16.1% vs 12.2% category avg

CostHigh

1.1% expense vs 0.9% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Index Funds average on 1M/6M/1Y — 1Y by 1.33pp
3-year return (+9.18%) trails the Index Funds average (+11.03%)
Weaker risk-adjusted returns — Sharpe 0.17 below the Index Funds average of 0.20
More volatile than its Index Funds peers (16.1% vs 12.2%)
High expense ratio (1.12%) vs the Index Funds average of 0.91%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.91%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 23.29

Excess return per unit of total volatility (rf = 6.5%)

0.17

Category 0.20▼0.03

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

04 Feb 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.70%

Absolute return over the last 3 months (not annualized)

+7.56%

Absolute return over the last 6 months (not annualized)

-5.96%

Absolute return since 1 Jan of this year (not annualized)

-3.79%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.76%

3-year annualized return (CAGR)

+9.18%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+8.86%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.06%

Excess return per unit of total volatility (rf = 6.5%)

0.17

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.23

Largest peak-to-trough decline over full history

-18.46%

Benchmark ratios (vs Nifty Bank · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank

-0.22%

Sensitivity to Nifty Bank moves; 1 = moves with the index

1.00

How much of the fund's movement Nifty Bank explains

99.9%

Excess return per unit of beta (market risk)

2.60

Active return over the benchmark per unit of tracking error

-0.56

Annualized std dev of fund-minus-benchmark returns

0.42%

Fund's share of benchmark gains in up months (100 = matches index)

99.2%

Fund's share of benchmark losses in down months (lower is better)

100.1%

Computed vs the Nifty Bank price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-0.70%	+1.09%	-1.79%
3M abs	+7.56%	+4.01%	+3.55%
6M abs	-5.96%	+2.54%	-8.50%
1Y CAGR	+2.76%	+4.09%	-1.33%
3Y CAGR	+9.18%	+11.03%	-1.85%
5Y CAGR	—	+10.88%	—

Category average across peers in Index Funds (up to 361 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 361 peers in Index Funds

1Y return

+2.76%

Beats 34.6% · rank #211

3Y return

+9.18%

Beats 60.3% · rank #70

5Y return

—

Sharpe

0.17

Beats 47.6% · rank #166

Sortino

0.23

Beats 47.3% · rank #166

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty Bank

Average

+11.9%

Median

+9.5%

Best

+33.6%

Worst

-2.7%

Positive periods

97.7%

43 overlapping 1Y windows, sampled monthly across the fund’s history.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-18.5%18 Feb 2026 → 31 Mar 2026
Still below that high — 41 days down, and no recovery yet.
-16.3%10 Feb 2022 → 16 Jun 2022
Fell over 4 months, back to the old high on 12 Aug 2022 — 2 months under water after the low.
-12.3%26 Sep 2024 → 11 Mar 2025
Fell over 5 months, back to the old high on 21 Apr 2025 — 41 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Bank	Diff
2026part	-3.59%	-3.50%	-0.09%
2025	+16.92%	+17.15%	-0.23%
2024	+5.24%	+5.32%	-0.08%
2023	+11.97%	+12.34%	-0.37%
2022part	+10.66%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Fund size over time

Quarterly average AUM · AMFI

₹615.48Cr

April - June 2026

-6%

since January - March 2026

Down +6% from its peak of ₹651.77Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.96L

Absolute

+10.07%

XIRR

+6.68%

Value vs. invested

36 monthly installments of ₹10,000 into Navi Nifty Bank Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

1,119

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


Navi Nifty Bank Index FundThis fund Navi	★★★☆☆	+2.76%	+9.18%	—	13.51	1.12%	₹615.48Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential	★★★★☆	+37.18%	+31.12%	—	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal	★★★★☆	+31.00%	+25.86%	+17.23%	—	1.06%	₹4,500Cr
UTI Nifty 500 Value 50 Index Fund UTI	★★★★☆	+13.89%	+24.71%	—	7.31	1.24%	₹729.68Cr
ICICI Prudential Nifty Auto Index Fund ICICI Prudential	★★★★☆	+15.20%	+23.76%	—	13.86	0.95%	₹216.49Cr
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal	★★★★☆	+9.36%	+23.48%	—	6.04	1.16%	₹2,077Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap75.8%
Mid cap24.2%
Small cap0.0%

Navi in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs simply track a benchmark such as the Nifty 50 rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost.

Frequently asked questions

What is the NAV of Navi Nifty Bank Index Fund?

As of 20 Aug 2026, the NAV of Navi Nifty Bank Index Fund is ₹14.68 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Navi Nifty Bank Index Fund delivered?

Navi Nifty Bank Index Fund has returned +2.76% over 1 year, +9.18% per year over 3 years and +8.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund charges an expense ratio of 1.12% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Navi Nifty Bank Index Fund?

Its largest holdings are HDFC Bank Ltd (19.2%), ICICI Bank Ltd (14.1%), State Bank of India (10.0%), Axis Bank Ltd (9.6%) and Kotak Mahindra Bank Ltd (9.3%). Holdings are disclosed monthly and change over time.

How risky is Navi Nifty Bank Index Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -18.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi Nifty Bank Index Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund is benchmarked against the Name of Benchmark: Nifty Bank TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Who manages Navi Nifty Bank Index Fund?

Navi Nifty Bank Index Fund is managed by Ashutosh Shirwaikar and Aditya Mulki at Navi.

How is Navi Nifty Bank Index Fund taxed?

Navi Nifty Bank Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.