Navi Mutual Fund Launched Navi Nifty 500 Multicap 50:25:25 Index Fund

Navi Nifty 500 Multicap 50:25:25 Index Fund is an open-ended index fund launched by Navi Mutual Fund on July 18, 2024. The investment objective of this scheme is to track the performance of the Nifty 500 Multicap 50:25:25 Index, which means the fund will invest in the same proportion of stocks that are included in the index. The minimum investment amount is Rs. 10 and the new fund offer will be closed on July 30, 2024. There is no information available on any load charges.

Investment Objective

The investment objective of the Navi Nifty 500 Multicap 50:25:25 Index Fund is to achieve return equivalent to Nifty 500 Multicap 50:25:25 Index by investing in stocks of companies comprising Nifty 500 Multicap 50:25:25 Index, subject to tracking error. “There is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Navi Nifty 500 Multicap 50:25:25 Index Fund is suitable for investors who are seeking to create capital appreciation over long time, investment in equity and equity related securities covered by Nifty 500 Multicap 50:25:25 Index and return that corresponds to the performance of Nifty 500 Multicap 50:25:25 Index, subject to tracking error.

Risk-o-meter:

Funds Allocation

Benchmark

The performance of the Navi Nifty 500 Multicap 50:25:25 Index Fund will be benchmarked to the performance of the Nifty 500 Multicap 50:25:25 Index.

Fund Managers

Mr. Aditya Mulki, Age – 34 Years, Qualification – CFA Charter holder, Bachelor of Commerce. Prior to joining Navi Mutual Fund, Mr. Mulki has worked closed to 6 years at Quantum Advisors Ltd. As an Equity research analyst, covering consumable staples, consumer discretionary, building materials and media sector

Mr. Ashutosh Shirwaikar, Age – 34 Years Qualification – MBA (Finance)- JBIMS, Mumbai University – B.Tech. Prior to joining Navi Mutual Fund, Mr. Shirwaikar worked for more than 6 years at Quantum Advisors Ltd. During his tenure he has covered sectors like Auto, Chemicals, Pharma, Power, and Media. Mr. Shirwaikar has been associated with Navi AMC since June 2022.

Peer Funds

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.