Navi Nifty Bank Index Fund will replicate the Nifty Bank Index. Nifty Bank Index represents the 12 largest & most liquid banks of the country. Thus, Navi is offering investors a chance to invest in the biggest banks at the lowest cost as part of it`s latest fund offering. This low cost has been achieved by leveraging our high quality technological backing. The NFO will start on 17th January 2022 and close on 31st January 2022.
Instruments | Indicative Allocation | Risk Profile | |
---|---|---|---|
Minimum | Maximum | Low/ Medium/ High | |
Equity and equity related securities covered by Nifty Bank Index | 95% | 100% | High |
Debt schemes, Debt & Money Market Instruments, including Tri Party Repo^, G-Secs and Cash | 0% | 5% | Low to Medium |