Navi BSE Sensex Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Navi BSE Sensex Index Fund Direct Growth Plan has a NAV of ₹11.591 as of 17 Sep 2026 and an AUM of ₹19 Cr. Its 1-year, 3-year and 5-year returns are -9.01%, 3.97% and 0% respectively, and it sits in the High Risk bucket.

Our view is that this fund suits investors who want a straightforward index-style equity exposure and can accept periods of weakness. The portfolio is concentrated in large financial and infrastructure names, so short-term moves can stay closely tied to the market’s direction rather than offering a strong buffer.

Quick facts

Particular	Details
NAV	₹11.591 as of 17 Sep 2026
AUM	₹19 Cr
Expense Ratio	0.39%
Launch Date	04 Sep 2023
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Ashutosh Shirwaikar

The fund is managed by Ashutosh Shirwaikar.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.79%	-3.66%
3M	-3.57%	-3.71%
1Y	-9.01%	-7.13%
3Y	3.97%	5.82%
5Y	Data not available	Data not available

The recent pattern has been uneven. Over one month and three months, the fund stayed close to the benchmark, which suggests it has moved in broadly the same market direction rather than materially diverging. The one-year number is weaker, though, and it shows that the fund has not fully kept pace with the benchmark through the most recent stretch.

The longer trend is still positive, but not especially strong. The 3-year return is above zero, which tells us the fund has recovered from earlier weakness, yet it remains below the benchmark’s 3-year return. That gap matters because an index fund is generally expected to stay close to its reference index over time.

The time pattern also shows sharper swings over the past year than the broader 3-year history would suggest. In practical terms, that means the fund has not been a smooth compounding story recently, even though the multi-year picture is better than the latest one-year outcome.

For an investor, the main takeaway is that the fund has behaved like a market-linked product with some short-term pressure and a middling medium-term result. It has not shown a sustained outperformance edge against the benchmark in the periods we can compare here.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Navi BSE Sensex Index?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

Already holding Navi BSE Sensex Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Navi BSE Sensex Index Fund Direct Growth Plan	-9.01%	3.97%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the recent 1-year figure, the fund trails every peer listed here. The longer picture is also softer where comparable 3-year numbers are available, because its 3.97% return sits below the two peers with 3-year data. That said, the peer set is mixed across themes and benchmarks, so the comparison tells us more about relative short-term and medium-term outcomes than about a single uniform style of performance.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Limited	Bank	11.82%
ICICI Bank Limited	Bank	11.37%
Reliance Industries Limited	Crude Oil	9.51%
Bharti Airtel Limited	Telecom	6.10%
Larsen & Toubro Limited	Infrastructure	5.16%
State Bank of India	Bank	4.82%
Infosys Limited	IT	4.30%
Axis Bank Limited	Bank	4.02%
Kotak Mahindra Bank Limited	Bank	3.37%
Mahindra & Mahindra Limited	Automobile & Ancillaries	3.25%

The top 10 holdings account for approximately 63.72% of the portfolio.

To see all holdings, visit the Navi BSE Sensex Index Fund Direct Growth Plan page

HDFC Bank is the largest holding at 11.82%, so it is likely to have greater influence on day-to-day fund moves than the smaller names below it. The weight then steps down fairly gradually through ICICI Bank, Reliance Industries and Bharti Airtel, which indicates that the fund is not dependent on just one position.

By the tenth holding, the weight is 3.25%, which is much smaller than the top position but still meaningful in a large-cap portfolio. That spread suggests the portfolio may not be overly reliant on a single stock, yet the top few names still carry a large share of the visible exposure.

Because the top 10 holdings together make up 63.72% of the portfolio, the fund may behave like a concentrated large-cap basket rather than a very broad, evenly spread allocation. With 30 disclosed holdings overall, there is a longer tail beneath the largest names, but the highest weights are still the ones most likely to shape outcomes.

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with High Risk equity exposure and want a simple market-linked holding with a large-cap tilt. The 1-year decline shows that short-term losses are possible, while the 3-year return indicates some recovery over a longer holding period. Its benchmark-linked nature means the main trade-off is accepting market-style ups and downs in exchange for a transparent, rules-based portfolio. Investors with a longer horizon and patience for volatility are a better fit than those looking for stability or quick gains.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load if units are sold anytime.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Navi BSE Sensex Index Fund Direct Growth Plan?
The current NAV is ₹11.591 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -9.01%, its 3-year return is 3.97%, and its 5-year return is Data not available.

How does the fund compare with its benchmark?
In the periods where both figures are available, the fund is below the benchmark over 1 year and 3 years. The 1-month and 3-month gaps are small, but the longer comparisons are weaker.

How does it compare with the peer funds listed here?
Its 1-year return is below all the peer returns shown here. On the 3-year period, it also trails the peers with available 3-year figures.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Ashutosh Shirwaikar. There is no exit load if units are sold anytime.

Bottom line

The fund’s recent performance is weaker than its longer multi-year picture, and it also trails the benchmark in the 1-year and 3-year periods where comparisons are available. Peer comparisons point in the same direction, with softer recent and medium-term returns than the listed alternatives. The risk profile is High Risk, and the portfolio is meaningfully concentrated in its largest holdings. For investors who want a large-cap index-style equity fund and can tolerate market swings, it is a straightforward but cyclical option rather than a steady-return holding.

Published on 18 September 2026 at 9:31 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.