Navi Nifty Bank Index Fund is a mutual fund run by Navi Mutual Fund. On 30-09-2026, it managed ₹613 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.9% a year and its Regular plan returned 8.1% a year. Its benchmark, Nifty Bank TRI, returned 9.2% a year over the same 3 years.
NAV (Direct plan)
₹14.43
▼ 0.41% · 30-10-2026
NAV (Regular plan)
₹13.94
▼ 0.41% · 30-10-2026
Expense ratio
0.23%Direct1.11%Regular
0.23%
A year
Riskometer
Very High
Set by the fund house
3 year return
8.9%Direct8.1%Regular
8.9%
A year
Navi Nifty Bank Index Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹14.43 (down 0.41% that day); Regular Plan Growth ₹13.94 (down 0.41% that day).
This fund (Direct plan)
₹14.4346
Navi Nifty Bank Index Fund Returns vs Nifty Bank TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.08%
−4.18%
+0.23%
−5.42%
+8.90%
--
--
This fund (Regular)
0.00%
−4.39%
−0.22%
−6.21%
+8.07%
--
--
Nifty Bank TRI
+0.10%
−4.15%
+0.33%
−5.14%
+9.16%
+7.79%
+11.50%
Category average
--
--
--
--
--
--
--
Best in category
--
--
--
--
--
--
--
Worst in category
--
--
--
--
--
--
--
Rank in category
--
--
--
--
--
--
--
No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.
Navi Nifty Bank Index Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Bank TRI
2026to date
−7.82%
−8.47%
−7.61%
2025
+17.79%
+16.92%
+18.08%
2024
+6.01%
+5.24%
+6.26%
2023
+12.78%
+11.97%
+13.29%
Navi Nifty Bank Index Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 427 periods, one for each trading day from 04-02-2025 to 30-10-2026.
0%5%10%15%20%25%
Navi Nifty Bank Index Fund (Direct)
Nifty Bank TRI
Mar 2022 to Mar 2025Jul 2022 to Jul 2025Oct 2022 to Oct 2025Feb 2023 to Feb 2026May 2023 to May 2026Sept 2023 to Sept 2026
Navi Nifty Bank Index Fund (Direct)Nifty Bank TRI
0%
0%
Below 0%
0%
0%
0-5%
31%
27%
5-10%
51%
54%
10-15%
17%
16%
15-20%
1%
3%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
917
12.2%
−6.8%
35.4%
5%
12.5%
1%
2 years
674
12.4%
0.9%
26.4%
0%
12.7%
1%
3 years
427
11.8%
7.0%
20.3%
0%
12.2%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
45
12.4%
−16.3%
27.2%
16%
12.8%
0%
2 years
33
12.8%
−3.3%
21.2%
6%
13.1%
0%
3 years
21
10.2%
2.1%
16.3%
0%
10.5%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Bank TRI over the same days. Past returns do not promise future returns.
Navi Nifty Bank Index Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Navi Nifty Bank Index Fund (Direct)This fund
Nifty Bank TRI
Return (CAGR)
−5.42%
−5.14%
Standard deviation
17.01%
16.99%
Sharpe ratio
-0.63
-0.61
Sortino ratio
-0.87
-0.85
Maximum drawdown
−18.4%
(30-03-2026)
−18.3%
(30-03-2026)
Beta
1.00
1.00
Alpha
−0.27%
0.00%
From daily NAVs, 30-10-2025 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Navi Nifty Bank Index Fund (Direct)This fund
Nifty Bank TRI
Return (CAGR)
+8.90%
+9.16%
Standard deviation
15.93%
15.97%
Sharpe ratio
0.18
0.20
Sortino ratio
0.25
0.28
Maximum drawdown
−18.4%
(30-03-2026)
−18.3%
(30-03-2026)
Beta
1.00
1.00
Alpha
−0.26%
0.00%
From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Navi Nifty Bank Index Fund (Direct)This fund
Nifty Bank TRI
Return (CAGR)
+8.09%
+8.43%
Standard deviation
16.50%
16.54%
Sharpe ratio
0.13
0.15
Sortino ratio
0.18
0.21
Maximum drawdown
−18.4%
(30-03-2026)
−18.3%
(30-03-2026)
Beta
1.00
1.00
Alpha
−0.34%
0.00%
From daily NAVs, 04-02-2022 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−20%−15%−10%−5%0%
Navi Nifty Bank Index Fund (Direct)
Nifty Bank TRI
2023202420252026
Navi Nifty Bank Index Fund (Direct)Nifty Bank TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Navi Nifty Bank Index Fund (Direct)
−18.4%
18-02-2026
30-03-2026
Not yet
--
−10.7%
Nifty Bank TRI
−18.3%
18-02-2026
30-03-2026
Not yet
--
−10.6%
From the Direct plan's daily NAV since 04-02-2022, adjusted for unit splits, and Nifty Bank TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Navi Nifty Bank Index Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Direct
0.15%
0.01%
0.00%
0.07%
0.23%
Regular
0.90%
0.01%
0.00%
0.20%
1.11%
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−6.21%
−5.42%
0.79%
₹93,790
₹94,580
3 years
8.07%
8.90%
0.83% a year
₹1,26,216
₹1,29,147
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Navi Nifty Bank Index Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 04-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNavi Nifty Bank Index Fund (Direct)
₹5,70,000
₹6,70,389
₹1,00,389
6.8%
Regular planNavi Nifty Bank Index Fund (Regular)
₹5,70,000
₹6,57,096
₹87,096
5.9%
Nifty Bank TRI
₹5,70,000
₹6,75,235
₹1,05,235
7.1%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
Direct planNavi Nifty Bank Index Fund (Direct)
Regular planNavi Nifty Bank Index Fund (Regular)
Nifty Bank TRI
Amount invested
2023202420252026
Direct planNavi Nifty Bank Index Fund (Direct)Regular planNavi Nifty Bank Index Fund (Regular)Nifty Bank TRIAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Navi Nifty Bank Index Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
100.1%Equity
Asset
Fund
Equity
100.1%
Cash and others
−0.1%
Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.
Market cap of stocks
Market cap
Fund
Large Cap
76.1%
Mid Cap
23.9%
Small Cap
0.0%
Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Navi Nifty Bank Index Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
BANKS100.0%
Sector changes
Sector
July 2026
August 2026
September 2026
Change
BANKS
100.0%
100.0%
100.0%
+0.1%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Navi Nifty Bank Index Fund Portfolio Holdings
As on 30-09-2026 · 14 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
HDFC BANK LIMITED
BANKS
18.63%
+3.5%
ICICI BANK LIMITED
BANKS
14.19%
−0.7%
KOTAK MAHINDRA BANK LIMITED
BANKS
10.21%
−1.8%
AXIS BANK LIMITED
BANKS
10.06%
+9.7%
STATE BANK OF INDIA
BANKS
9.93%
+1.0%
THE FEDERAL BANK LIMITED
BANKS
6.57%
−2.5%
INDUSIND BANK LIMITED
BANKS
4.97%
−2.7%
AU SMALL FINANCE BANK LIMITED
BANKS
4.85%
+2.3%
IDFC FIRST BANK LIMITED
BANKS
4.54%
−3.1%
BANK OF BARODA
BANKS
3.59%
+1.1%
CANARA BANK
BANKS
3.37%
+1.7%
PUNJAB NATIONAL BANK
BANKS
3.27%
−7.3%
YES BANK LTD
BANKS
3.01%
−7.0%
UNION BANK OF INDIA
BANKS
2.86%
−5.8%
Navi Nifty Bank Index Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC BANK LIMITED
↑Added
+3.5%
18.63%
ICICI BANK LIMITED
↓Reduced
−0.7%
14.19%
STATE BANK OF INDIA
↑Added
+1.0%
9.93%
KOTAK MAHINDRA BANK LIMITED
↓Reduced
−1.8%
10.21%
AXIS BANK LIMITED
↑Added
+9.7%
10.06%
THE FEDERAL BANK LIMITED
↓Reduced
−2.5%
6.57%
INDUSIND BANK LIMITED
↓Reduced
−2.7%
4.97%
AU SMALL FINANCE BANK LIMITED
↑Added
+2.3%
4.85%
IDFC FIRST BANK LIMITED
↓Reduced
−3.1%
4.54%
BANK OF BARODA
↑Added
+1.1%
3.59%
PUNJAB NATIONAL BANK
↓Reduced
−7.3%
3.27%
CANARA BANK
↑Added
+1.7%
3.37%
YES BANK LTD
↓Reduced
−7.0%
3.01%
UNION BANK OF INDIA
↓Reduced
−5.8%
2.86%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Navi Nifty Bank Index Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.23%
Expense ratio (Regular)
1.11%
Category
Index
Risk
Very High
Benchmark
Nifty Bank TRI
Launch date
04-02-2022
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹613.17 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
149804
ISIN (Direct)
INF959L01FT4
Scheme code (Regular)
149805
ISIN (Regular)
INF959L01FU2
NAV history
From 04-02-2022, 4.7 years
Exit load
NIL
Tax on Navi Nifty Bank Index Fund returns
Navi Nifty Bank Index Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹14.4346
30-10-2026
regular
Growth
₹13.9355
30-10-2026
About Navi Nifty Bank Index Fund
Navi Nifty Bank Index Fund is a mutual fund from Navi Mutual Fund. Its category is Index. It was launched on 04-02-2022. Its benchmark is Nifty Bank TRI. At the end of September 2026 it held 14 securities.
Fund Manager
Ashutosh Shirwaikar
Fund manager of Navi Nifty Bank Index Fund, since 14-02-2025
Frequently Asked Questions for Navi Nifty Bank Index Fund
What is the current NAV of Navi Nifty Bank Index Fund?
The Direct plan NAV is ₹14.4346. The Regular plan NAV is ₹13.9355, as on 30-10-2026.
What are the returns of Navi Nifty Bank Index Fund?
The Direct plan returned −5.42% in 1 year, +8.90% a year over 3 years. The Regular plan returned −6.21% in 1 year, +8.07% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Navi Nifty Bank Index Fund?
The Direct plan charges 0.23% a year. The Regular plan charges 1.11% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Navi Nifty Bank Index Fund?
Navi Nifty Bank Index Fund managed ₹613.17 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Navi Nifty Bank Index Fund?
At the end of September 2026 the largest holdings were HDFCBANK (18.63%), ICICIBANK (14.19%), KOTAKBANK (10.21%), AXISBANK (10.06%), SBIN (9.93%). The fund held 14 securities in all.
What did Navi Nifty Bank Index Fund buy and sell in September 2026?
It added shares in 6. It reduced 8.
How do I invest in Navi Nifty Bank Index Fund?
Through Navi Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of Navi Nifty Bank Index Fund?
Ashutosh Shirwaikar (since 14-02-2025).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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