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198.55 (0.39%)
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4.65 (0.78%)
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0.31 (1.52%)
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NAVIAMC - NAVINIFTY ETF
NAVINIFTY
₹295.11+0.00 (0.00%) TodayLast updated on 01 Nov, 2024 | 18:10 IST
NAVIAMC - NAVINIFTY ETF Chart
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Fund overview
About
Open ₹295.11 | Close ₹295.11 | Volume 22 | Avg. traded ₹295.11 |
Circuit range ₹195.85 - ₹293.78 | Day range ₹295.11 - ₹295.11 | Year range ₹193.50 - ₹312.62 | |
AUM ₹7.62 Cr | ManagersAditya Mulki, +1 more | Launch Date 20 Sep 2023 |
NAVIAMC - NAVINIFTY
About Navi Nifty 50 ETF
- Navi Nifty 50 ETF is an open-ended passively managed scheme offered by Navi Mutual Fund House.
- The ETF primarily invests in big companies from different key sectors of the Indian economy.
- Traded with the symbol NAVINIFTY on NSE, the ETF was launched on September 18, 2023.
- The scheme is managed by Aditya Mulki and Ashutosh Sirwaikar.
- As of June 30, 2024, the assets under management for this ETF stood at ₹7 crore.
- The ETF units can be bought and sold during the usual market hours at the prevailing prices.
- Retail investors can invest in the scheme by directly buying the ETF units through a demat account with a registered broker.
Investment Objective & Benchmark
- Navi Nifty 50 ETF aims to offer returns before expenses that replicate the total return of equity stocks part of the underlying index, subject to minor tracking errors.
- The scheme is benchmarked against the Nifty 50 index which is a well-diversified 50-stock index and it represents important sectors of the economy.
- Navi Nifty 50 ETF invests in large companies, which generally experience less volatility compared to funds that invest in smaller companies.
- It is a very high-risk investment instrument, suited for the long-term goal of wealth creation.
- The ETF offers diversification of funds in companies from different business domains, protecting investors from sectoral risks.
- Being passively managed, it replicates the portfolio of its chosen benchmark index without trying to beat it.
- The ETF is a cost-effective method of investing in top companies of the Indian economy without having to buy individual stocks.
Asset Allocation & Portfolio Composition
- Navi Nifty 50 ETF's asset allocation primarily comprises 98.64% in equity, with the remaining 1.36% allocated to cash and cash equivalents.
- It is mandated to invest at least 80% of its assets in large-cap stocks at all times.
Sectorwise allocation of the ETF’s asset allocation:
- Financial Sector - 34.04%
- Technology - 15.84%
- Energy and Utilities - 14.51%
- Consumer Discretionary - 9.27%
- Materials - 8.30%
- Consumer Staples - 7.66%
- Industrials - 4.92%
- Healthcare - 4.10%
The top 10 company holdings make up 52.88% of the ETF's asset allocation as of June 30, 2024. Here's a list of 10 company holdings in the ETF:
- HDFC Bank: 11.01%
- Reliance Ind: 9.21%
- ICICI Bank: 7.73%
- Infosys: 6.10%
- ITC: 4.14%
- Larsen & Toubro: 4.03%
- TCS: 4.02%
- Bharti Airtel: 3.61%
- Axis Bank: 3.03%
- SBI: 3%
Since its inception, Navi Nifty 50 ETF has given an annualised return of 23.86% to its investors.
In the last one year, the ETF has delivered a return of 23.60% compared to its benchmarked index’s 24.68% yield as of July 31.
Key indicators
Tracking index Nifty 50 TR INR |
Expense Ratio0.56% |
Tracking error NA |
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Investment checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
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Returns
Returns vs Benchmark
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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NAVIAMC - NAVINIFTY Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹295.11 | ₹295.11 | |
Thu, Oct 31 2024 | ₹295.11 | ₹295.11 | |
Wed, Oct 30 2024 | ₹295.00 | ₹295.11 | |
Tue, Oct 29 2024 | ₹292.47 | ₹292.70 | |
Mon, Oct 28 2024 | ₹295.00 | ₹292.47 | -1.28% |
Fri, Oct 25 2024 | ₹294.96 | ₹296.26 | |
Thu, Oct 24 2024 | ₹294.40 | ₹294.96 | -1.80% |
Wed, Oct 23 2024 | ₹300.36 | ₹300.36 | -0.29% |
Composition
What's in fund
Name | Holdings |
---|---|
HDFCBANKHDFC Bank Ltd | 11.16% |
RELIANCEReliance Industries Ltd | 8.51% |
ICICIBANKICICI Bank Ltd | 7.62% |
INFYInfosys Ltd | 5.73% |
ITCITC Ltd | 4.09% |
BHARTIARTLBharti Airtel Ltd | 3.89% |
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