Navi Nifty Bank Index Fund Direct-Growth
Equity: Sectoral-Banking & Financial Services - Growth (Open ended) Factsheet
SEBI Riskometer: Very HighCategory: Equity: Sectoral-Banking & Financial ServicesBenchmark: NIFTY Bank Total Return IndexCheck Portfolio Overlap →
NAV: ₹15.07-0.49%
07 Sept 2026
Similar Funds
Side-by-side comparison of Navi Nifty Bank Index Fund Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | +5.82% | 8.88% | 27 / 39 |
| 3Y Return | +8.91% | 13.59% | 20 / 22 |
| 5Y Return | — | 12.66% | — |
| 10Y Return | — | 12.83% | — |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Equity: Sectoral-Banking & Financial Services
Top funds by AUM in the Equity: Sectoral-Banking & Financial Services category — see how Navi Nifty Bank Index Fund Direct-Growth compares on size and returns.
Funds Tracking NIFTY Bank Total Return Index
Top funds tracking the NIFTY Bank Total Return Index — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to Navi Nifty Bank Index Fund Direct-Growth?
Funds similar to Navi Nifty Bank Index Fund Direct-Growth in the Equity: Sectoral-Banking & Financial Services category include ICICI Prudential Banking and Financial Services Direct Plan-Growth, SBI Banking & Financial Services Fund Direct-Growth, and Nippon India Banking & Financial Services Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Navi Nifty Bank Index Fund Direct-Growth in its category?
On a 3-year return basis Navi Nifty Bank Index Fund Direct-Growth is ranked 20 out of 22 funds in the Equity: Sectoral-Banking & Financial Services category as of 6 Sep 2026. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Navi Nifty Bank Index Fund Direct-Growth's expense ratio compare to similar funds?
Navi Nifty Bank Index Fund Direct-Growth has an expense ratio of 0.23%. The peers ICICI Prudential Banking and Financial Services Direct Plan-Growth has an expense ratio of 1.24% and SBI Banking & Financial Services Fund Direct-Growth has 0.41%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Navi Nifty Bank Index Fund Direct-Growth's AUM compare to similar funds?
Navi Nifty Bank Index Fund Direct-Growth has an AUM of ₹640.09 crore. The peers ICICI Prudential Banking and Financial Services Direct Plan-Growth has an AUM of ₹11,229.4 crore and SBI Banking & Financial Services Fund Direct-Growth has ₹10,872.1 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Equity: Sectoral-Banking & Financial Services?
The top performing fund in the Equity: Sectoral-Banking & Financial Services category on a 3-year basis is Quant BFSI Fund Direct-Growth with a CAGR of 22.40% as of 6 Sep 2026. Navi Nifty Bank Index Fund Direct-Growth has delivered 8.91% CAGR over the same period, ranking 20 out of 22 funds. You can view and compare the full category ranking on sharpely.
How does Navi Nifty Bank Index Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Navi Nifty Bank Index Fund Direct-Growth has a Sharpe ratio of 0.33 compared to the Equity: Sectoral-Banking & Financial Services average of 0.57 as of 6 Sep 2026. It ranks 20 out of 22 funds in its category on Sharpe ratio.