NFO: Navi Nifty 50 Index Fund

Navi Nifty 50 Index Fund

NFO: Navi Nifty 50 Index Fund-An index fund with low charges

NFO: Navi Nifty 50 Index Fund

Introduction

Navi Mutual Fund launches Navi Nifty 50 NFO. Navi Mutual Fund, part of Sachin Bansal’s BFSI Group, has announced the launch of the Navi Nifty 50 Index Fund.

 NFO opens for subscription on July 3 closes on July 12.

Aim

1.     The scheme aims to achieve a return equivalent to the Nifty 50 index by investing in        stocks of companies comprising the Nifty 50 Index

2.     2.   The fund will invest a minimum of 95% in equities and up to 5% in debt and money         market instruments

 Charges

Navi Nifty 50 Index fund expense ratio – 0.06% and 0.26% under the direct and regular plans, respectively.

Amount

Minimum application amount is Rs. 500 and in multiples of Rs.1 thereafter

Key NFO Details

Navi Nifty 50 Index Fund is an open-ended equity scheme replicating Nifty 50.

Low expense ratio as of today in the passive fund's category.

Market volatility is low as compared to mid and small caps.

Fund manager is Girish Raj

USP

The expense ratio proposed to be charged by Navi Nifty 50 Index Fund (direct plan) is the lowest in this category.

Good for investors seeking long-term capital appreciation.

 Navi Nifty 50 Index Fund has no track record. Investors should focus on how the fund actually tracks Nifty movements.

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