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|