Navi Nifty 50 Index Fund

Navi Nifty 50 Index Fund is a strategic investment option designed to mirror the performance of the Nifty 50 index. This fund is managed by Navi Mutual Fund, which offers you a simplified and efficient way to participate in the growth of India's top 50 large-cap companies. This article will explore the potential of the Navi Nifty 50 Index Fund for a straightforward approach to capturing the broader trends of the markets.

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About Navi Nifty 50 Index Fund

The Navi Nifty 50 Index Fund is a type of mutual fund that aims to replicate the returns of the Nifty 50 Index of the National Stock Exchange of India (NSE). By investing in this fund, you essentially own a small portion of each of the top 50 companies on the NSE. This passive fund provides you with diversification and exposure to the overall performance of the Indian stock market. 

Overview of Navi Nifty 50 Index Fund

Particulars Details
Fund Name Navi Nifty 50 Index Fund
Fund House Navi Mutual Fund (previously Essel Mutual Fund)
Launched On 15 July 2021
Asset Under Management (AUM) Rs. 1061.37 Crores
Benchmark Index Nifty 50 TRI
Risk Category Very High
Investment Objective The goal of this investment scheme is to match the returns of the Nifty 50 Index. It aims to do this by investing in the stocks of companies that make up the Nifty 50 Index while keeping any deviation from the index performance, known as tracking error, to a minimum.
Fund Options
  • Navi Nifty 50 Index Fund- Direct-Growth
  • Navi Nifty 50 Index Fund- Regular Growth
Net Asset Value
  • Navi Nifty 50 Index Fund- Direct-Growth: Rs. 12.64
  • Navi Nifty 50 Index Fund- Regular Growth: Rs. 12.58
Asset Allocation
  • Equity Holdings: 100.25%
  • Other Holdings: - 0.25%
Market Cap Allocation
  • Large Cap: 81.57%
  • Midcap: 2.7%
  • Smallcap: 0%
  • Others: 15.98%
Systematic Investment Plan (SIP)  Rs. 10
Lock- in NA
Fund Manager Aditya Mulki
Expense Ratio (as of 20 September 2023)
  • Navi Nifty 50 Index Fund- Direct-Growth: 0.06%
  • Navi Nifty 50 Index Fund- Regular Growth: 0.26%
Exit Load NIL

Top Holdings of Navi Nifty 50 Index Fund 

Name of  Holdings % of Total Holdings
Top 5 Equity Holdings (100.25%)
HDFC Bank Ltd. 13.27%
Reliance Industries Ltd. 9.27%
ICICI Bank Ltd. 7.68%
Infosys Ltd. 5.85%
ITC Limited 4.54%
Debt Holdings (- 0.25%)
TREPS - 0.25%

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Top 10 Sector Allocations of Navi Nifty 50 Index Fund

Sector % of Total Holdings
Financial 34.30%
Others 16.30%
Energy 13.80%
Technology 13.60%
Consumer Staples 9.50%
Automobile 6.30%
Construction 6.20%

Navi Nifty 50 Index Fund Returns

Investment Period Annualised Returns (Direct) Annualised Returns (Regular)
1-Year 8.50% 8.27%
2-Year 6.32% 6.10%
Returns Since Inception (RSI) 10.51% 9.56%

*Fund NAV as of 21 November 2023

Documents Required to Invest in Navi Nifty 50 Index Fund

You require the following documents to start investing in the Navi Nifty 50 Index Fund:

  • KYC (Know Your Customer) Documents:

    • Proof of identity (e.g., Aadhar card, passport, driver's license).

    • Proof of address (e.g., utility bill, Aadhar card, passport).

    • Passport-size photographs.

  • PAN (Permanent Account Number) Card

  • Bank Account Details

  • NRI/ OCI/ PIOs Documents

    • Overseas Address Proof

    • Valid Visa

    • Valid NRI/ PIO Card

    • NRE/ NRO Account Details

Steps to Invest in Navi Nifty 50 Index Fund

The steps to start investing in Navi Nifty 50 Index Fund are mentioned below:

Step 1: Open an Investment Account- Start by creating an account with the investment platform of Navi Mutual Fund.

Step 2: Provide Necessary Information- Complete the required details, such as your personal information, financial details, and any other information needed to set up your account.

Step 3: Verify Your Identity- Follow the verification process to confirm your identity as part of the account setup.

Step 4: Deposit Funds- Transfer money into your investment account to have funds available for investing in the Navi Nifty 50 Index Fund.

Step 5: Search for the Fund- Use the platform's search feature to find the Navi Nifty 50 Index Fund.

Step 6: Review Fund Details- Look into the fund's details, including its performance, fees, and any other relevant information.

Step 7: Invest in the Fund- Once you are satisfied with your research, choose the amount you want to invest in the Navi Nifty 50 Index Fund and confirm the investment.

Step 8: Monitor Your Investment- Keep an eye on your investment over time and make adjustments as needed.

Estimate Navi Nifty 50 Index Fund with SIP Calculator

To estimate the potential returns of a Systematic Investment Plan (SIP) in Navi Nifty 50 Index Fund, you can use the Policybazaar SIP Calculator provided on their website.

You need to enter the following details in the SIP Calculator:

  • SIP amount

  • Expected rate of return

  • Investment tenure

The SIP Calculator will display the estimated future value of your SIP in the Navi Nifty 50 Index Fund. The calculator also shows the total invested amount and the accumulated returns.

FAQ's

  • Is the Navi Nifty 50 Index Fund good?

    Whether or not the Navi Nifty 50 Index Fund is a good investment for you depends on your individual circumstances and risk tolerance. However, it is a good option for investors who are looking for a low-cost, passively managed way to track the performance of the Nifty 50 index.
  • What is the annual return of the Navi Nifty 50 Index Fund?

    As of November 2023, the annual returns of the Navi Nifty 50 Index Fund for both Regular and Direct growth options are as follows:
    • Regular Growth: 9.56% since inception (15 July, 2021)

    • Direct Growth: 10.51% since inception (15 July, 2021)

  • Which is the best NIFTY 50 Index Fund?

    The top 5 NIFTY 50 Index funds based on 1-year returns are:
    • HDFC Index Fund Nifty 50 Plan - Direct Plan (18.64%)

    • UTI Nifty 50 Index Fund - Growth Option - Direct (18.63%)

    • ICICI Prudential Nifty 50 Index Fund - Direct-Growth (18.49%)

    • Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth Plan (18.44%)

    • SBI Nifty Index Fund Direct-Growth (18.41%)

  • What is the NAV of the Navi NIFTY 50 Index Fund?

    The NAVs for both Regular and Direct growth options of Navi NIFTY 50 Index Fund as of 21 November 2023 are as follows:
    • Regular Growth: Rs. 12.58

    • Direct Growth: Rs. 12.64

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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