Fundalysisby DARKHORSESTOCKS

Scheme

Navi Nifty Bank Index Fund

Holds 14 companies worth ₹614 Cr in Sept 2026.

  • Fund house

    NaviThe fund house that runs this scheme.

  • AUM

    ₹613 CrNavi Nifty Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.5% on Aug 2026, ₹649 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Ashutosh ShirwaikarRuns it since 1 Aug 2023, as the fund house dates it.

Overview(10 Jul 2025)

Fund managers1

  1. Ashutosh ShirwaikarFund manager, equity · Aug 2023
  1. Aditya MulkiMar 2022 – Jul 2025

Key facts

Benchmark
Nifty Bank Index TRI
Risk
VERY HIGH
Expense
0.8
Exit load
Nil
Started
4 Feb 2022
Minimum
₹100

Source.Its Scheme Summary Document as of 10 Jul 2025 at AMFI.

What changed(1 change)

Jul 2025

1 change
  1. Aditya Mulki left
    10 Julran it as fund manager (equity) from Mar 2022

Source.Its filings at NSE, since Oct 2024.

Fund managers over time(Mar 2022 – now)

  1. Ashutosh Shirwaikar
  2. Aditya Mulki
MainCoSlice202320242025
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Objective and risk(10 Jul 2025)

Objective

To achieve return equivalent to Nifty Bank Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Open Ended
Benchmark
Nifty Bank Index TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related securities covered by Nifty Next50–
    Allowed95–100%Holds100.0%
  2. Debt & Money Market Instruments–
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(10 Jul 2025)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Most
₹99,99,99,99,99,99,999

Selling and switching

To redeem
1 units
Switch minimum
₹100 or 1 units
Switch most
₹99,99,99,99,99,99,999 or 999999999999999 units

Scheme details(10 Jul 2025)

What it is

Category
Other Schemes
Offer
17 Jan 2022 to 31 Jan 2022
Started
4 Feb 2022
Reopened
7 Feb 2022
Matures
NIL
Plans
Regular & Direct
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank
Auditor
MP CHITALE & CO
Registrar
CAMS
SEBI code
NAVI/O/O /EIN/21/12/0015