Navi Nifty Bank Index Fund Direct-Growth
Equity: Sectoral-Banking - Growth (Open ended) Factsheet
SEBI Riskometer: Very HighCategory: Equity: Sectoral-BankingBenchmark: NIFTY Bank Total Return Index
NAV: ₹15.18-0.30%
16 Jul 2026
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Expense ratio of the Index fund (0.24%) is lower than average expense ratio of other Index funds/ETFs (0.58%) tracking NIFTY Bank Total Return Index
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Tracking error of the Index fund (0.05%) is low
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Tracking difference of the Index fund (0.32%) is low
This measures the difference in returns (last 1 year) between the Index fund/ETF and its respective benchmark. Lower absolute tracking difference is better
What is Tracking Difference (1Y)?
Tracking difference of the Index fund is lower than average tracking difference of other Index funds/ETFs (0.46%) tracking NIFTY Bank Total Return Index
This measures the relative tracking difference of the Index fund/ETF with respect to average tracking difference all index funds/ETFs tracking the same benchmark.
What is Tracking Difference (1Y)?
3-year CAGR of 9.23% is in the bottom 25th percentile in its category - Equity: Sectoral-Banking
This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category
What is CAGR (3Y)?
Tracking error of the Index fund is lower than average tracking error of other Index funds/ETFs (0.06%) tracking NIFTY Bank Total Return Index
This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.
What is Tracking Error?
The scheme seeks to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error.