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

Navi Nifty IT Index Fund Direct Growth Plan has a NAV of ₹8.678 as of 16 September 2026 and scheme AUM of ₹23 Cr. Its 1-year, 3-year and 5-year returns are -18.37%, 0% and 0%, and the fund sits in the High Risk category.

Our view is that this is a concentrated sector index fund with a narrow IT focus, so its fit is strongest for investors who want targeted exposure and can tolerate sharp swings. The benchmark-linked recent profile has been weak, while the portfolio is heavily weighted to a small set of large technology names.

Quick facts

Particular	Details
NAV	₹8.678 as of 16 Sep 2026
AUM	₹23 Cr
Expense Ratio	0.36%
Launch Date	26 Mar 2024
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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.6%	-4.41%
3M	1%	-3.6%
1Y	-18.37%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is uneven. The fund has fallen over 1 month and 1 year, but the 3-month period shows a mild recovery. That tells us the scheme can rebound after weak stretches, yet the recovery has been fragile and not strong enough to offset the longer decline.

Against the benchmark, the fund trails in 1 month and 1 year, but it has done better over 3 months. In our view, this shorter-period outperformance matters less than the larger one-year gap, because the longer stretch still shows the fund under pressure. For an index fund, that gap suggests the sector exposure has mattered more than broad market direction.

The time pattern also suggests higher volatility than a plain diversified equity index fund. The fund moved through a deeper drawdown before stabilising, which is consistent with a narrow sector basket. That makes the recent improvement useful, but it does not yet change the broader picture of weak longer-run momentum.

As a result, our reading is that this scheme is better assessed as a tactical or satellite allocation rather than a core diversified equity holding. The benchmark comparison is important here: even when the fund improves briefly, it has still lagged the broader index over the full 1-year window.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Navi Nifty IT 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 Nifty IT Index? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Navi Nifty IT Index Fund Direct Growth Plan	-18.37%	Data not available	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 1-year numbers, the fund is clearly behind the better-performing peer funds listed here. The gap is wide enough to show that recent sector conditions have been more favourable for several other thematic or overseas index strategies than for this IT-focused scheme.

The longer-period picture is harder to compare because most peer 3-year and 5-year figures are not available. Where those figures do exist, the benchmarked overseas index and the pharma index both show positive 3-year outcomes, while this fund has no usable longer-horizon return figure in the peer set. That means the short-term story is more informative than the long-term one in this comparison.

Our take is that the peer set does not support a case for recent outperformance. Instead, it shows that this fund has been one of the weaker recent performers among the available comparison names, even though some peer schemes have similar thematic structures.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Infosys Limited	IT	28.82%
Tata Consultancy Services Limited	IT	20.23%
HCL Technologies Limited	IT	11.42%
Tech Mahindra Limited	IT	10.51%
Coforge Limited	IT	7.02%
Persistent Systems Ltd	IT	6.18%
Wipro Limited	IT	5.08%
LTIMINDTREE Ltd	IT	4.28%
Mphasis Limited	IT	3.27%
Oracle Financial Services Software	IT	3.04%

The largest holding, Infosys Limited, has a weight of 28.82%, so it is likely to have greater influence on the fund than any other single name. The drop from the first holding to the tenth is steep, ending at 3.04%, which shows that the portfolio is not evenly spread across its holdings.

The top 10 holdings account for approximately 99.85% of the portfolio, and there are 10 disclosed holdings in total. That tells us the fund is highly concentrated in a small group of IT companies, with very little visible tail beyond the names listed here.

Because the holdings are all in the same sector, sector-specific movements may matter more than broader equity market trends. In our view, that concentration can sharpen both upside and downside, so it is a key part of the fund’s risk profile.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can handle High Risk and are comfortable with a concentrated technology allocation. The return pattern shows a sharp one-year decline and only a modest short-term recovery, so the better fit is for those with a longer horizon and tolerance for swings.

The trade-off is straightforward: you get focused exposure to IT names, but you also accept that this can lag broader equity benchmarks when the sector is weak. It is most relevant for investors who want a tactical sector allocation rather than a diversified core equity position.

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

No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Navi Nifty IT Index Fund Direct Growth Plan?

The current NAV is ₹8.678 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is -18.37%, while the 3-year and 5-year returns are Data not available.

How has the fund performed against its benchmark recently?

It has lagged the benchmark over 1 month and 1 year, but it has done better over 3 months.

How does it compare with the peer funds listed here?

Its 1-year return is weaker than the peer funds listed here that have available 1-year figures. Some peers also have positive 3-year performance, while this fund does not have usable 3-year or 5-year figures in the comparison set.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Ashutosh Shirwaikar. The exit load is nil, so there is no exit load if units are sold anytime.

Bottom line

Navi Nifty IT Index Fund Direct Growth Plan has had a weak recent stretch, and its 1-year result is still below the benchmark. The portfolio is tightly concentrated in a handful of large IT names, so the fund’s behaviour is likely to stay closely tied to the sector. For investors who want targeted IT exposure and can accept High Risk, it is a focused tool rather than a broad market solution.

Published on 17 September 2026 at 2:30 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.