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