Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bajaj Finserv BSE Top 10 Banks ETF is an ETF fund and Navi Nifty Bank Index Fund is an Index fund. Bajaj Finserv BSE Top 10 Banks ETF charges 0.15% a year and Navi Nifty Bank Index Fund 0.23%. Their portfolios overlap 78.6%: they hold 10 of the same securities.
Bajaj Finserv BSE Top 10 Banks ETF
ETF
- Expense ratio
- 0.15%
- NAV
- ₹20.07
Which is better, Bajaj Finserv BSE Top 10 Banks ETF or Navi Nifty Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv BSE Top 10 Banks ETF costs less: 0.15% a year against 0.23%.
- Bajaj Finserv BSE Top 10 Banks ETF fell less in its worst fall since 21-07-2026: −6.5% against −7.3%.
- Navi Nifty Bank Index is the larger fund: ₹613 Cr against ₹184 Cr.
- Their portfolios overlap 78.6%: 10 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Navi Mutual Fund |
| Category | ETF | Index |
| AUM | ₹184 Cr (30-09-2026) | ₹613 Cr (30-09-2026) |
| NAV | ₹20.07 | ₹14.43 (Direct) |
| Expense ratio (Direct) | Not available | 0.23% |
| Expense ratio (Regular) | Not available | 1.11% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Top 10 Banks TRI | Nifty Bank TRI |
| Launch date | 16-07-2026 | 04-02-2022 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Ilesh Savla | Ashutosh Shirwaikar |
| Exit load | Entry load – Nil Exit load - Nil However, the Trustee / AMC reserves the right to change the load structure any time in future if they so deem fit on a prospective basis, subject to maximum limits as prescribed under the Regulations. The investor is requested to check the prevailing load structure of the scheme before investing. | NIL |
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv BSE Top 10 Banks ETF | +0.68% | −4.14% | -- | -- | -- | -- | -- |
| Navi Nifty Bank Index Fund (Direct) | +0.08% | −4.18% | +0.23% | −5.42% | +8.90% | -- | -- |
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Year-wise Returns
| Year | Bajaj Finserv BSE Top 10 Banks ETFBajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank IndexNavi Nifty Bank Index |
|---|---|---|
| 2026to date | -- | −7.82% |
| 2025 | -- | +17.79% |
| 2024 | -- | +6.01% |
| 2023 | -- | +12.78% |
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Rolling Returns
Every holding period of both funds, against BSE Top 10 Banks TRI, the benchmark of Bajaj Finserv BSE Top 10 Banks ETF
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −17.31% | +8.09% |
| Standard deviation | 11.91% | 16.50% |
| Sharpe ratio | -1.89 | 0.13 |
| Sortino ratio | -2.49 | 0.18 |
| Maximum drawdown | −6.5% (27-10-2026) | −18.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.24% | −0.34% |
From daily NAVs, 21-07-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bajaj Finserv BSE Top 10 Banks ETF
Navi Nifty Bank Index Fund (Direct)
BSE Top 10 Banks TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv BSE Top 10 Banks ETF | −6.5% | 06-08-2026 | 27-10-2026 | Not yet | -- | −5.2% |
| Navi Nifty Bank Index Fund (Direct) | −7.3% | 03-08-2026 | 27-10-2026 | Not yet | -- | −6.1% |
| BSE Top 10 Banks TRI | −6.5% | 06-08-2026 | 27-10-2026 | Not yet | -- | −5.1% |
From daily values since 21-07-2026, the first day every fund has.
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv BSE Top 10 Banks ETF, September 2026; Navi Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 78.6%
- Held by both
- 10
- Only in Bajaj Finserv BSE Top 10 Banks ETF
- 0
- Only in Navi Nifty Bank Index
- 4
| Security | % of Bajaj Finserv BSE Top 10 Banks ETF | % of Navi Nifty Bank Index |
|---|---|---|
| HDFC Bank Limited | 32.07% | 18.63% |
| ICICI Bank Limited | 22.16% | 14.19% |
| Kotak Mahindra Bank Limited | 9.79% | 10.21% |
| Axis Bank Limited | 9.61% | 10.06% |
| State Bank of India | 9.32% | 9.93% |
| The Federal Bank Limited | 4.59% | 6.57% |
| IndusInd Bank Limited | 3.43% | 4.97% |
| AU Small Finance Bank Limited | 3.33% | 4.85% |
| IDFC First Bank Limited | 3.16% | 4.54% |
| Bank of Baroda | 2.51% | 3.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 78.6% means 78.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bajaj Finserv BSE Top 10 Banks ETF
Every holding of this fund is also held by the other.
Largest holdings only in Navi Nifty Bank Index Fund
| Security | % of fund |
|---|---|
| CANARA BANK | 3.37% |
| PUNJAB NATIONAL BANK | 3.27% |
| YES BANK LTD | 3.01% |
| UNION BANK OF INDIA | 2.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index |
|---|---|---|
| Large Cap | 85.5% | 76.1% |
| Mid Cap | 14.5% | 23.9% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index |
|---|---|---|
| BANKS | 0.0% | 100.0% |
| Banks | 100.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv BSE Top 10 Banks ETF | Navi Nifty Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.23% |
| Base expense ratio (Direct) | 0.00% | 0.15% |
| Total expense ratio (Regular) | Not available | 1.11% |
| Base expense ratio (Regular) | 0.13% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Bajaj Finserv BSE Top 10 Banks ETF vs Navi Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv BSE Top 10 Banks ETF and Navi Nifty Bank Index Fund?
Bajaj Finserv BSE Top 10 Banks ETF is an ETF fund, Navi Nifty Bank Index Fund is an Index fund, run by Bajaj Finserv Mutual Fund and Navi Mutual Fund. Their portfolios overlap 78.6%. Bajaj Finserv BSE Top 10 Banks ETF charges 0.15% a year and Navi Nifty Bank Index Fund 0.23%.
Which has the lower expense ratio, Bajaj Finserv BSE Top 10 Banks ETF or Navi Nifty Bank Index Fund?
Bajaj Finserv BSE Top 10 Banks ETF charges less: 0.15% a year against 0.23%. These are the total expense ratios reported to AMFI.
How much do Bajaj Finserv BSE Top 10 Banks ETF and Navi Nifty Bank Index Fund overlap?
78.6%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv BSE Top 10 Banks ETF or Navi Nifty Bank Index Fund?
On SEBI's riskometer, Bajaj Finserv BSE Top 10 Banks ETF is rated Very High and Navi Nifty Bank Index Fund Very High. Over their common history, the standard deviation of daily returns was 11.91% and 16.50% a year.
Can I invest in both Bajaj Finserv BSE Top 10 Banks ETF and Navi Nifty Bank Index Fund?
Yes. 78.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv BSE Top 10 Banks ETF and Navi Nifty Bank Index Fund?
Bajaj Finserv BSE Top 10 Banks ETF: Ilesh Savla. Navi Nifty Bank Index Fund: Ashutosh Shirwaikar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.